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Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Bilberry who wrote (4872)	1/27/1998 7:10:00 PM
From: Richaaard	Read Replies (2) \| Respond to of 9695

This decision management is faced with could be a real gut check. I believe, as you do, that money is needed for these new products. I also believe they will extend the warrants, but the time frame, strike price and the need for the money NOW may be in conflict. How they get money soon as a part of this deal may have them in a quandry. Maybe they could offer the leftover "units" from the Swiss deal at an attractive price to us based on the number of shares or warrants owned. It may appease everyone if all feel as though they are getting an even deal by JMAR. It could also get them the money quick. They could then extend the warrants further into the future at a higher strike price. Any ideas out there?

To: Bilberry who wrote (4872)	1/27/1998 10:59:00 PM
From: Candle stick	Read Replies (1) \| Respond to of 9695

Bilberry, I am really surprised to read you response. Last I heard Jmar claimed that the Swiss deal was cut down to 1/3 the original placement because they did NOT need money.....now everyone says Jmar needs the cash. Why? They are getting funded by DARPA, no? They just got some cash from the Swiss placement.....why more? >>>The warrants will bring in 12.6 million.<<< When? Or should I say IF....If the stock ever trades at a high enough level. That may never happen so long as the warrants are in existance. Accounting rules for '98 have changed and JMAR must report earnings on a fully diluted basis going forward and that means counting the warrants as if they were already shares....that dilutes earnings NOW by 16% and brings in ZERO cash now, if ever. If the warrants expire the earnings will look better, the float is reduced and any good news will have greater impact on the stock. The stock can move up much easier. >>>Candle Stick, the dilution is bound to occur regardless, Maybe so, but sooner means a lower price for Jmar stock and no guarantee of any funds. I would rather see a secondary at 7 or 8 dollars if the stock gets there. It will certainly be easier to get there without the warrants. It will also bring in much more cash for much less dilution. Funny, but the last time I spoke to Martinez, he was urging people to buy the stock, and suggesting that the warrants were NOT the way to go................. Obviously I don't have any warrants, and many people here do. I don't want anyone to lose money but I think everyone would be better served if they bought the stock and not the warrants, and if JMAR did NOT extend them. After all , its a crapshoot whether or not they extend them or not....but JMAR stock? In my mind thats not a crapshoot, just a matter of when it takes off, and the stock never expires.........;^)