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Gold/Mining/Energy : Alternative Fuel Systems ATF:VSE -- Ignore unavailable to you. Want to Upgrade?

To: Paul Marut who wrote (3294)	7/7/1999 2:39:00 PM
From: Stew	Read Replies (1) \| Respond to of 4605

Me too! I would think that's the logical explanation. They could offer me some o' dem shares, but it would have to be a little less than $70k worth!! I could use the average down!

To: Paul Marut who wrote (3294)	7/8/1999 5:04:00 PM
From: Fun-da-Mental#1	Read Replies (2) \| Respond to of 4605

"I hope they're doing somebody a favour by letting him/her in cheap before something happens." Pardon my naivete, but isn't that illegal? This private placement has just about shattered my confidence in ATF and the penny stock market. If they wanted to issue a few new shares to raise funds, why couldn't they just have floated them on the open market? Okay, it might have brought the share price down, but if they dilute the stock AND lose the market's trust then that's a double whammy! However maybe I can think of an excuse for them. Is it possible that their buyer held a lot of old stock options giving them the right to buy at a low price? If they were more established they could have bought shares off the market and then sold them to him/her at a discount, but obviously they can't afford to do that, so maybe they were forced into this private placement, despite the fact that it doesn't look good. Does that make any sense? One bright spot is that whoever bought those shares doesn't seem to be dumping them for a quick profit (yet), but rather hanging on for a higher price. FDM