Zitel-ZITL What's Happening Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Zitel-ZITL What's Happening

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Swamy S . Bale who wrote (17905)	6/4/1999 3:00:00 AM
From: Marconi	Read Replies (1) of 18263

Hello Mr. Bale: Looks like some institution wanted to buy (or cover) 100K shares. With volume of 66K today, it suggests their price is below the 1-5/8's closing. Maybe a gap down tomorrow will help the institution. Separately, I wonder how close ZITL may be to delisting. I have not kept track but there are minimum price requirements and more importantly capital requirements. Last year some of the assets claimed did not strike me as assets. I don't remember if Zitel management finally came clean and wrote them down or not. I have a fuzzy impression yet the assets in question were not revalued to the lower value. It was a few quarters ago. I remember there was jeopardy in their meeting minimum capital. Anyway, it is not worth much anymore. They are within a buck a share of target now. Best regards, m

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next