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Biotech / Medical : SNRS- Sunrise Technologies -- Ignore unavailable to you. Want to Upgrade?


To: Anthony@Pacific who wrote (3653)1/14/2000 12:03:00 AM
From: Sir Auric Goldfinger  Read Replies (2) | Respond to of 4140
 
Well of course it is a high P/S # as SNRS just got approval. You know I don't care for the POS, I just think the fish will be biting, who knows



To: Anthony@Pacific who wrote (3653)1/14/2000 12:39:00 AM
From: TheLineMan  Read Replies (1) | Respond to of 4140
 
"I hear LEHMAN pillaged them" ............
That's another thing to bear in mind
biz.yahoo.com
Lehman put in $11.7 million only two days ago with the following conditions.....
They convert at the option of the investors at a price set at a discount of 25% to the average of the 10 lowest closing bid prices for the Company's common stock in February 2000. The conversion price will not be above $13.67 or below $3.00.
Can't lose unless the stock goes below $3 - can't get any closer to one of those death spiral thingamijigs than that. Plus the warrants. If Lehman had any real faith in SNRS the deal would have been structured differently. Come to think of it how can Lehman have a strong buy out on this stock and do a deal like that if they really believed themselves



To: Anthony@Pacific who wrote (3653)1/14/2000 1:17:00 AM
From: Techplayer  Read Replies (1) | Respond to of 4140
 
A@P, All of a sudden you are a value investor? It looks like you might have a couple of the 8 million (I believe I read that...) short shares out there...I sold my shares at 10. Bummer. I guess that you feel very strongly that this would be a bad long term investment at whatever it opens at tomorrow. Good luck, Brian