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

To: henry jakala who wrote (4931)	1/31/1998 1:06:00 PM
From: Bilberry	Read Replies (1) \| Respond to of 9695

Henry you make a good point, that I felt exactly the same. The dilution is the same as if the entire swiss deal had gone through if you extend the warrants. If JMAR had done the deal, it would have been an additional 2 million shares @$3.40 a share and 500,000 warrants at a strike price of $4.40 which would have diluted 2.5 million shares and brought in the company $6.8 million for the stock and $2.2 million for the warrants. The warrants will dilute 2.7 million and all the stock would be sold at a much higher price of $4.68 and bring in $12.6 million. A better deal by far. Also, the fact that the games playing (shorting and other manipulation) will be less, since most warrant holders are also JMAR shareholders. And the stock will be distributed to hundreds of holders instead of concentrated in one or two firms hands. --Bilberry