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Biotech / Medical : Misonix Inc. (MSON) -- Ignore unavailable to you. Want to Upgrade?

To: Candle stick who wrote (521)	10/31/1997 2:10:00 PM
From: Wesley0428	Respond to of 947

Various The stock was/is down because Q1 earnings were lower than previous estimates. That generally has that effect on stocks. There were no significant new shares this Q. Perhaps people are confused, comparing the FY'97 number to the Q1 number. The number reported is "average shares outstanding". Many new shares were created in Q2 of last year (due to warrant exercise and issuance of "in the money" options). Hence the "avg" outstanding for the year was much less than the actual outstanding at the end of Q4. The shares outstanding for Q1 were within 20K shares of what I had expected, no surprise and no big increase. Yesterday's conference call is available on replay. 703-925-2417, ID # 637158

To: Candle stick who wrote (521)	10/31/1997 2:13:00 PM
From: Peter H. Mack	Respond to of 947

The 10k for june closing says that post split 5,672,154 shares were outstanding (9/15/97). If I understand correctly, I think that there were an additional 240k warrants outstanding. I don't understand how the quarter report got to 6.737mil shares. Even so, this may describe a limit top to the current inventory. What also apparently happened is that a substantial amount of shares were put into the market. This would change the float/outstanding ratio. Why would so much of this come on the market at seemingly fire sale prices? Couldn't this inventory been spaced out in time? Your point about moving out of microcap to NASDAQ is reasonable and if the float inventory stops expanding so much, we may see some improvement in the future. regards pm

To: Candle stick who wrote (521)	10/31/1997 4:00:00 PM
From: md1derful	Respond to of 947

CS: I understand your argument...but wasn't the stock sailing right along anyway...what was the big rush...who can possibly want more value than the behavior of the stock before the split announcement. My thoughts were that the decision to split a companies stock at a low price was more a sign of desperation, look at seattle filmworks (FOTO), a classic cheap-stock-splitter...great company which did its best to ruin its stock and I'm afraid actually did so. The argument- to make the stock available to more people...give me a break, if you can't afford it at 20, believe me you can't afford it at 9. Don't get me wrong, the cos performance is great, the stock's could have been much better.