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

To: Starlight who wrote (4887)	1/28/1998 2:31:00 PM
From: Bilberry	Read Replies (2) \| Respond to of 9695

Betty, I think that JMAR is going to have to raise money in 1998 to push forward its new products. The $3 million from the swiss may not cut it. Since the warrants are already in place, and owned by mainly shareholders, they most likely would be called in sometime in 1998, bringing in $12.6 million. The company does not have to do anything else but extend the date of expiration. That is simple. If they don't do this, then they will still have to raise money, and with it comes dilution. Maybe the dilution would be somewhat smaller, but since JMAR is attaching warrants to its private placements, it is unclear where they would sell the stock at. I was originally against warrant extension, but I would rather see current shareholders own them then these institutions. So, if we conclude that JMAR needs to raise money in 1998, is it better to let the warrants be excercised, or do another private placement. That is the real question here. Its really an issue of how to raise funds., not if and whether it happens. That is why the company is considering extension (IMO). --Bilberry