Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : AIT Advanced Information Technologies Corp. -- Ignore unavailable to you. Want to Upgrade?

To: hugh thorne who wrote (55)	2/22/1998 3:57:00 AM
From: Lee Matheson	Respond to of 130

I would speculate that AIT was just issuing a press release to see if they could fuel speculation that the stock is currently underpriced? I would speculate that it lets the main shareholders (and the Board of directors) know that AIT management is doing its best to support the share price. By making an allusion to a take-over they may be hoping to cause some positive interest in the stock? I think the two main owners of the company now own only around 25% or so combined (after the major dillution with the offerings you mentioned). So their control is not as firm as it once was, although they still in effect control the company. But I agree that if the offerings went thru that the current share price does look low (as long as the company doesn't spend all the proceeds from the offering on expenses, without generating some replacement profits). A rather dynamic situation in some difficult times for the company. ... Again only IMHO.