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.

Microcap & Penny Stocks : ABTX - Agribiotech -- Ignore unavailable to you. Want to Upgrade?

To: InvestorLady who wrote (1209)	12/11/1997 12:31:00 AM
From: glen	Read Replies (1) \| Respond to of 8359

TM Anette, Thanks for posting the item from AOL. I have the following comments regarding the private placement and the secondary. There was a Q&A Breakout session after Johnny Thomas made the presentation at the Dain Bosworth Conference. I asked Johnny what plans ABTX had in this area and he answered that because the stock is undervalued they would not do an equity issue, but rather issue or seek some form of senior debt. In addition, he said he would do a secondary at the $30 level, and would wait for stock to rise in value. Although late 1998 and $30 share price may coincide, he was most definite about not issuing stock while shares are undervalued. Perhaps a private placement debt issue, with warrants as a kicker is more likely. I would consider doing it, if available, and will certainly call and ask. I'd rather see debt issued than a dilutive stock offering. Pete, are you out there? Do your notes jive with the above? regards, TM glen