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

To: Dale Baker who wrote (299)	11/9/1997 11:22:00 PM
From: Candle stick	Read Replies (1) \| Respond to of 904

Well, I believe CDRD has until midnight Friday to reorganize the preferred. I don't think it will happen, which means that there will be 9.3 million shares converted. Now, as to how it will be sold, I am not sure. there is nothing to be gained by holding it longer so I would imagine that they will want to sell soon. However, we are talking about 9.3 million shares into a float of less than 4 million shares. If they sold it all at once it would hammer the stock down to 5 $ !!!! I would more likely expect too see it come out in a more orderly fashion over a few weeks. But that depends on how desperate the preferred holders are to get back their capital. Believe me I hope they slam it out all in one day! That would be wild! We will just have to wait and see. As far as which is to their advantage, i dont think it matters since their discount is guaranteed......best of luck....expect CDRD to be 8-11 dollars by yearend........;^)