GateField (GATE) Message Board

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Technology Stocks : GateField (GATE)

GATE 36.05

-1.3%

Apr 1 12:00 PM EST

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To: grace who wrote (3674)	5/25/1999 6:20:00 PM
From: Michael Greeley	Read Replies (1) of 4005

In the proxy Gate has hinted that it is trying to interest institutional investors in the company's stock but that because of restrictions on price many potential investors are unable to buy the stock. Suppose there is a potential deal with a large investor contingent on the stock price reaching some agreed upon level (> $5.00?). Wouldn't this account for the proposal to reduce the number of cs by a factor of 10? And wouldn't such an investment (depending on the size) be better than the alternatives?

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