SI
SI
discoversearch

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.
Technology Stocks : Proteon -- Ignore unavailable to you. Want to Upgrade?


To: mentz who wrote (418)12/23/1997 12:42:00 PM
From: mentz  Respond to of 512
 
AT 12:36 p.m., pton is trading at 1 9/32 by 1 5/16. Interestingly, the stock has not had but a few buys...in the last 30,000 shares that have been transacted, there was only one buy at 1 5/16 for 400 shares, the rest were all sells according to www.quote.com. Can anyone explain this to me? I really can't understand that kind of selling without the price dropping. I wish that there was more buying, but it is not happening right now.

Mentz



To: mentz who wrote (418)12/23/1997 5:16:00 PM
From: Tiger  Read Replies (1) | Respond to of 512
 
According to the 10Q Report, as of 9/27/97, PTON had cash 8,148,000 and marketable securities 11,377,000 for a total of 19,525,000 (or 1.28/share). Book value is 30,420,000 (or 1.99/share). So, PTON is now trading at cash value/share, apparently the only support fot the stock.

Tiger