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Biotech / Medical : ATIS is on the move! -- Ignore unavailable to you. Want to Upgrade?

To: Rick Strange who wrote (1876)	8/18/1999 2:45:00 PM
From: Gary Stern	Read Replies (1) \| Respond to of 2205

What I need to understand is how they intend to do a secondary offering with a $3 share price and negative earnings. Moreover, the potential dilution could work havoc on the already tenuous share price. I fear their plan is a reverse split and then a $25 offering price. This basically wipes out current shareholders because there is virtually always price decay after such a move. Once current owners lose their existing leverage (given, lets say a 10 to 1 reverse split) the stock must go up 10 times its offering price for old shareholders to break even. In other words it could take a $150+/sh price just for current owners to break even.