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Technology Stocks : Applied Magnetics Corp -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (10811)12/8/1997 6:03:00 PM
From: EyeDrMike  Read Replies (1) | Respond to of 12298
 
<<<My reason for why shares might be issued was possibly to raise new equity capital since getting debt would be tough for APM now: Remember that APM will have to spend a lot of $$$ during the transition, This may be why APM is asking for authorizing more shares in the next annual shareholders' >>

my belief is they are raising cash for MR transitional costs, and operating capital for company operations during this period.

Mike


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