Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : METRICOM - Wireless Data Communications -- Ignore unavailable to you. Want to Upgrade?

To: Paul Smith who wrote (3112)	2/11/2001 5:33:46 PM
From: rrufff	Read Replies (1) \| Respond to of 3376

Let's try to keep it simple. You have a pie that is almost totally owned by PA and WCOM. They have no need for dilution. Internal politics, likely over whether to add a 3d party that may be competitive to WCOM, is a likely reason for the delay in financing. My feeling is that the real owners PA and WCOM will play chicken and do a deal soon. The deal won't be a major dilution. There's not much to gain by screwing the 13% shareholders. Rather there might be shareholder class action or derivative suits. There are a lot restless natives out here. Just my opinion, but I don't see dilution as the issue. I think it's political and it's created enough confusion for the shorts to use to their advantage. I never assumed and never said the shorts were stupid. In fact, I think they did a marvelous job in coordinating a major stock attack at multiple levels as I've posted in the past. That's history now. The current picture is one where somewhere in excess of 60% of the float is short. Some on the boards have said this number has ballooned as high as 80%. I don't know and don't really care. Anything above 30% is huge IF something causes some of them to break ranks. I listed several possible scenarios in my prior post. Anyone saying this is a sure thing to go under sounds like the long who were buying in at 100 last year. Nothing could go wrong and this would just keep going up. Things change and the only thing that is a sure bet is that none of us is ever right 100% of the time despite the protestations to the contrary of many "gurus." BTW you're spending a lot of time on this for someone who is neither long nor short. Why don't you go short at 4 1/2 and then we can really see what happens? Good luck in any event.