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Technology Stocks : ADSP - Ariel -- Ignore unavailable to you. Want to Upgrade?


To: TripleT who wrote (2242)3/9/2000 2:46:00 PM
From: Street Hawk  Respond to of 2263
 
ADSP sold 2.15 mil shares and 2.15 mil warrants(strike of 6.875) for $8.6 mil!

This was on Feb. 29 with the market price around $8-10 during that time.

With today's share price of 14, those shares and warrants are likely worth at least $42 mil. Unbelieveable, and the MM manipulation roars on as foolish longs are going to be screwed in the next few months. Nice way to treat the shareholders with more very cheap dilution.