To: Starbuck who wrote (6346 ) 1/14/1998 4:35:00 PM From: T.K. Allen Read Replies (2) | Respond to
I have been sitting here thinking about today's price action and the following comments posted by Starbuck:I also got word from Mr. Fearnow's office. They also indicated big news (Thurs-Mon). I was told it would "knock our socks off" and permanently" raise the stock price. I asked if to $6.5. The response was as a minimum. Obviously, there is no way to know. It was indicated that the MMs were the ones messing around with the price today in order to get cheap shares. A political compromise in the SC VGM war. Given the level of rhetoric coming out of SC and the fact the legislative session just started, I don't think this is too likely.New acquisition in SC. Given the current political and investment climate for BNGO, would such an announcement be received so positively? I don't think so.New acquisition outside of SC. I would see this as a positive development but would such a thing be viewed as a "knock your socks off" deal? Maybe but I think most people are expecting something along these lines given past statements by BNGO and all the warrant cashBlockbuster 4th Quarter earnings. Again, I'm sure this would be seen as a positive development but it seems too early for BNGO to make such an announcement. I mean, the 4th quarter just ended 2 weeks ago and they have the warrant situation and Darlington to incorporate BNGO being acquired by some larger entity. Boy, there is a piece of speculation! But who knows? Anything is possible I guess.
