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To: CAPT.DAN who wrote (2690)2/4/1998 6:53:00 PM
From: Jonathan Lebed  Read Replies (1) | Respond to of 27968
 
Didn't Cheryl explain earlier that since we filed for the NASDAQ a while ago...we only have to hit a listing price of $3 instead of $5? That is kind of easy...IMO. But then again...some companys around $4 are scared that they may be delisted...I am confused.

JLebed.......WWWWWWWWWOOOOOOOOOOOOOOOOOOOOOOOOOOO!



To: CAPT.DAN who wrote (2690)2/4/1998 7:54:00 PM
From: Andrew H  Read Replies (1) | Respond to of 27968
 
>>Correct me if I'm wrong, but I don't recall seeing in any release where Ira has borrowed 12mm and added 10mm share to the outstanding. I believe all that has been said were "what ifs". Lets not get worked up over something that hasn't happened yet. <<

No, you are not wrong, but many did hear Ira state the $12MM figure in the last conference call as what he intended to borrow over the next year or so from the 25MM line of credit to finance acquisitions. As for adding 10MM to the outstanding shares, certainly nothing was mentioned, but if you calculate $12MM dollars at current share prices, we are talking 40MM shares, not 10MM.

>>Perhaps when the audited numbers are released will see part of the increase in price that is needed to be listed.<<

Yes, perhaps we will. However, IMO it is unrealistic to expect a rapid 10x appreciation in price. Most investors would be ecstatic for a 100% increase in price over the course of a year. But people on this board seem to have no trouble in projecting a 1000% increase to reach 3 and a 1650% increase to reach 5. Can anyone say fantasy?