Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : ASTM-AASTROM BIOSCIENCES: STEM CELL RESEARCH -- Ignore unavailable to you. Want to Upgrade?

To: Fred Puppet who wrote (33)	11/24/1997 5:43:00 PM
From: Tech Investor	Respond to of 1084

ASTM tried to rally towards the end, but I think tomorrow's downdraft will definitely be in us shorter's favor. Someone was playing with the bid today when ASTM went down to 3/4, and stopped the downward momentum. I still expect it to go down through out this week. Asian market in turmoil, NASDAQ is going down, everyone gonna take the hit some where along the line :) Shorted @ 8 1/8 and still holding :)

To: Fred Puppet who wrote (33)	11/26/1997 11:34:00 AM
From: Fred Puppet	Read Replies (1) \| Respond to of 1084

[ Good News for the Shorts ] biz.yahoo.com What would you rather have: a common share or a convertible 5% preferred share? Obviously the preferred share is better. If the company does well, you convert and enjoy all of the upside. Plus you get 5% while you wait. If the company fails, you don't convert and are first in line to cash out. ASTM is selling convertible preferred shares at $5. The common shares must be worth a lot less, in the opinion of the company. Whenever a company has to resort to such unfavorable terms to raise cash, their prospects are even worse than the shorts believed. It will be interesting to see if the buyer of the convertible 5% preferred at $5 decides to lock in a profit by shorting the common at $6 3/4. That's an instant 35% profit, plus 5% annually until they convert.