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Technology Stocks : Track Data Corporation TRAC -- Ignore unavailable to you. Want to Upgrade?

To: Investor Clouseau who wrote (1312)	4/18/2000 10:21:00 PM
From: Street Hawk	Read Replies (2) \| Respond to of 2005

"Of HIS 40 million shares, he used 25 million for collateral. As of today's close ($2) that is more than enough to completely erase his $45 million in debt" I have to disagree. I don't think if he went out in the open market, he could get $45 million for 25 million shares, or even 40 million shares. It is effectively a sale of the company, since he is 70.9% owner. The CEO and the company are tainted now, it was trading at under a $1(split adjusted) a few months ago, its move higher was momentum driven, not fundamentally driven. There is still a lot of fat to skin off this pig. They are looking desperately for a buyer so Barry doesn't have to unload his holdings, but I don't see one out there. I've always questioned the management of this company, with their repetitive daily useless PRs, and unnecessary splits. I think there is something seriously wrong with Barry Hertz, he's running his firm like its just a game, he has no idea how to be a professional. He's just a gambler.