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

To: Candle stick who wrote (4932)	1/30/1998 11:56:00 PM
From: brent gephart	Read Replies (1) \| Respond to of 9695

This discussion of warrents is driving my crazy. For the record I do not want the warrents extended, and yes I ever own 5000 of then at about $1. They are a tax write off for all that I care. Can we do a little sime math combined with some logic. Everyone is missing the point behind these warrents. 1) If the warrents are extended than I am selling my stock, because it means that they need the money and can find no other way of raising it. Everyone is talking about Jmar at this or that price buy this or that point. Just say for arguments sake that Jmar is at $6 by mid-summer. Doesn't it make more sence to have a secondary offering of 1.8 million shares to raise $12 million than to have $12 million with dilution of 2.7 million shares by excerising the warrents. OF COURSE IT DOES !!! 2) If Jmar is aas good a company as we think they are then let the warrents expire and let the revenue and earnings from its products do what it is supposed to do---> drive up the price of the stock. The DARPA funding with a minimum of 20% margins on $10 million will return 11 cents per share on 17.5 million shares, and if Jmar can return in ernings the 10 cents it did last year in 1998 we will have at least a $6 stock. 20 cents at $6 is a p/e of 30, which has been Jmar average p/e of late. I think if everyone who is infavor of the warrents does a little analysis they will realize that the only reason for Jmar to keep these worthless warrents arround is because they are unsure of what this company can do. Brent