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Technology Stocks : Accent Softwr (acntf): Addressing Huge Multilingual Mkt? -- Ignore unavailable to you. Want to Upgrade?


To: tom who wrote (168)3/27/1998 6:54:00 AM
From: TokyoMex  Read Replies (2) | Respond to of 356
 
100,000 x 29.99 = 2.9 million dollars,, at discount of 4.99 = 2.5 million dollars,, it almost equals their entire revenue for last year.. now I hear they have another big contract some where in Eirope..

What will this news do to a stock that was given up by the street and share holders...

And sitting at the bottom of despair.. I say it will be up considerably this morning ,,

Happy for those still held ,,

Also ....

To: +ANGELATU (131 )
From: +JS Monday, Mar 16 1998 8:53PM EST
Reply # of 169

That's not what's up here.

This company did a convertible bond that converts into stock at a discount to the market. The stock was shorted down to where it is
now, the bond holders converted (thus diluting us)at .29 cents or so and now are selling their spoils in the market. Management blew it.

This stock is worth much more that it's current price. Manipulation.

When the overhang is gone, it will move back up.

JS


Is that mean we will have a short squeeze ??? ;-)

Joe