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

To: Russian Bear who wrote (317)	11/14/1997 1:49:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 904

Tick, tick, tick...I wonder what sort of games CDRD will get up to today while they are signing away their first-born children to the convertible holders to get them to agree to take the Series C preferred instead. Someone could orchestrate a beautiful short squeeze with the right sort of news release. On the other hand, their 50% news really fizzled. I haven't seen any serious buying the past two days. The MM's seem to be holding up the price to see what will happen while the serious players know that CDRD hasn't crossed the 60% bar yet. Candlestick is right that we win either way; 40% conversion plus a secondary will dilute the stock, add selling pressure and guarantee the price doesn't go over $21 in the near future. In fact, it will probably go down considerably. Without agreement, we get at least 50% conversion and maybe 100% and CDRD gets hit by a tidal wave. Keep an eye on the news wires and hold on tight.