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To: Scott Ozer who wrote (3594)12/16/1997 2:15:00 PM
From: Stephen L. Smith  Read Replies (1) | Respond to of 10479
 
<He said that he would not do a secondary at these low prices! I seem to recall the mention of low double digits. But they really don't need the money now and what would they need it for then if things are fine.>

Right. That corresponds with my statement that he has no intent to use the additional shares for a secondary in the near term future. Par apparently thinks that he may need the money later if he says that he might use the shares for a secondary some time in the future. What would they need the money for? David's guess is as good as any.