Ashton Technology (ASTN) Message Board

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Non-Tech : Ashton Technology (ASTN)

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To: Sir Auric Goldfinger who wrote (1189)	5/21/1999 10:25:00 AM
From: Zeev Hed	Read Replies (1) of 4443

Auric, I would say that warrants exercise is good for ASTN, it provides cash that they need not go to the floorless to get. Just because the warrants are at less than 40% of the current price is no big deal. Sure a portion of these will hit the market and put some pressure on the stock, but at the current volumes this stock is trading, I think this supply could very well be absorbed. As a matter of fact, if the stock breaks $14.25, it could leap quite a few points before the warrants holders sell, and they may simply chose to short against the block rather than sell outright (same impact on the stock). The real issue is when are they going to be weaned from the need of financing their burn rate. If indeed it is within the next six months or so, they may survive, and they may even thrive, if they can get those $.03 share on each share transacted through their system. I wish I had the answer to this imponderable. Zeev

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