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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: Cary C who wrote (9247)7/13/2005 8:26:37 PM
From: Ken W  Read Replies (1) | Respond to of 23958
 
Cary

secfilings.nasdaq.com

You're not stupid..agreed, they could have bought the stock outright, but as I recall they had to excersise the 1.00 warrants by June 30 or they expired. The new warrants (the new option plan) are also priced at 1.00. The warrants in the above filing may have been automatic, regardless of what the current market for the stock is. I get the definite impression from company management that the price of the stock on a daily basis is of little concern. They are doing what they do, selling storage and trying to build the RFID segment. The end game is going to be the sale of the company to a larger company for what they feel is a hefty profit.

The good thing about the warrant excersise is that the cash goes directly to the bottom line, hopefully enough to offset some of the overhead. Given that the one lawsuit is out of the way that should also help reduce this Q's spending.

Ken