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Technology Stocks : Thermo Tech Technologies (TTRIF) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Pool who wrote (3698)	3/18/1998 6:07:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 6467

I am surprised at the surprise expressed by some that the stock now rarely reacts to "good" news. If memory serves, TTRIF has a constant supply of new shares coming onto the market every month. Few month back they arranged $24 MM in financing which the company draws down at the rate of $2 MM per month. These debenture are convertible to stock at a nice discount to the market. The holder can either sell short against the block or take the 20% or so discount and sell the stock in the open market, With such a continuous supply of new stock, there should be no surprise seeing the creeping decline of this stock. As a matter of fact, when the stock was around 2-3/8 that is exactly what I suggested would happen with these essentially floorless debentures. Zeev (back to lurk mode).