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Non-Tech : IMPCO Technologies (IMCO), formerly AirSensors (ARSN) -- Ignore unavailable to you. Want to Upgrade?


To: RMP who wrote (51)12/16/1997 7:20:00 PM
From: Steve Whitney  Read Replies (1) | Respond to of 298
 
G'evening.
I must agree with your last paragraph and submit the following analysis for further consideration.
IMCOW(the warrants) ceased trading on or about Dec.8th.,three days before the 5p.m.Dec.11th deadline for excercising.
I have observed a warrant price range of 1 3/8 to 2 9/16; the chart pattern for the warrants understandably mimmicks that of the host security(http://www.bigcharts.com Use the 'compare to' button for IMCOW and IMCO ).
The terms of the warrants: Exercise two(cost between 2 3/4 and 5 1/8, depending on when they were bought i.e.2x1 3/8= 2 3/4; 2x 2 9/16= 5 1/8 and shell out another $7.50 for the privelege of owning one share. This means that some now own shares which cost them (without commission costs) 7.50+ 2 3/4 = 10 1/4 and others 7.50 + 5 1/8 = 12 5/8.
'A sellout day'. Mebbe an acceptable explanation, imho, for a half point drop but 1 3/4 suggests either irrational selling( it's been happening a lot in the market lately, as if you needed to be reminded, right),or, I suggest, realisation that slowing revenues anounced the other day and now entry into the R&D field will cause a price rise slowdown and some investors want to switch trains. How about end of year selling? Caution advised before picking up more at todays price?
vectorvest.com
yt SW.



To: RMP who wrote (51)2/17/1998 9:13:00 PM
From: Elvis Jones  Read Replies (1) | Respond to of 298
 
Beneficial Owner Filings

2/17 Rawley F. Taplett reports he owns 586,732 shares (8.06%)

2/12 Timothy J. Schneebeck reports he owns 336,600 shares (4.8%)

1/7 Estate of Edwin J. Schneebeck reports sole ownership of 1,290,658 shares (21.45%) and shares 100,107 shares with Bethel J. Schneebeck. Bethel is in control of the estate.

Speculating here... suppose the Schneebeck family is interesting in selling and Mr. Taplett (now 76 and losing a long-time partner) is also interested. That's 2,314,097 shares (39.8%)! And I don't think this group would be interested in discounting the value of the company.

Speculating still... Possible buyers? General Motors is a popular choice. More importantly, less than 10% of IMCO's shares are institutionally held. The balance of power could shift to new holders interested in supporting the company.

We are trading near the 52-week high with good volume propelling us upward. Happy realities!

Happily Long IMCO,
Duke