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Gold/Mining/Energy : KASTEN CHASE APPLIED RESEARCH. -- Ignore unavailable to you. Want to Upgrade?

To: Goldberry who wrote (888)7/21/1999 2:46:00 PM
From: Ruby  Respond to of 1247
 
Yes you are referring to those held by Templeridge which is owned by the 2 founders of Kasten. I agree that this is a non-issue and reflect the modest investment in the company. They would be most happy to hold and get a very healthy dividend return and exercise only when this stock gets rolling at which time we will all cash out. They originally sold part of their position at $3.75/share after the merger and a secondary offering. Also this share are counted along with options in the fully diluted share count of approx. 45 million shares. Market cap is only 40 or less million, small for a company to soon see a contract whill will be worth $900 million over 20 years.



To: Goldberry who wrote (888)7/23/1999 12:40:00 PM
From: Professor Dotcomm  Read Replies (1) | Respond to of 1247
 
You are probably right that it is a non-issue. However at $2.23 a share it still would empty KCA's coffers if they had to buy these out for cash. The alternative? Well it looks like some 10 million or so common shares, right now, to get them out of the way. That represents close to 20-25% of the shares outstanding. Let's hope the stock moves up before that.


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