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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (42335)	3/20/2002 5:05:46 PM
From: Bengalus	Read Replies (1) \| Respond to of 99280

Zeev, What am I missing here? From the 10-Q, looks like the equity line floats, but with a $13 effective bottom. Sounds like BPUR can waive that floor but in practice has not, so it's not a true floorless. Also, sounds like they've got cash on the b/s to last through calendar 02 plus the 10m in escrow for the SC manufacturing facility for which they're now exploring real estate loans. No doubt the press release is a ploy to get the stock up so they can do something with their 30m shelf registration just approved by the SEC. But I don't see any near-term reason why the equity line should re-exert any death spiral tendencies.