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Technology Stocks : CDRD (CD Radio) -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (294)	11/9/1997 2:36:00 PM
From: Candle stick	Read Replies (1) \| Respond to of 904

I believe the secondary is contingent on the company being able to reorganize the convertable preferred stock. That deadline is this coming Friday, Nov. 14th. Tied into that reorganization plan is a secondary for 3.5 million shares. The exact date it would happen is not spelled out in the filings, or at least I did not find it. Keep in mind that the first vote that was taken for this new plan failed 2 months ago, and there are just 5 days left for the company to get enough proxies. In my opinion they will fail again. I could be wrong. Does anyone know the current status of this vote? Given the current volitility of the stock market these last few weeks, I think it will be very hard to reorganize the preferred shareholders, who in my opinion are anxious to cash out, and even harder to do a secondary on a story stock in such a tumultuous environment...............but, you never can tell, can you? Any idea on the status of the vote, anyone?.....;^)