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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Roger A. Babb who wrote (6399)4/6/1998 10:45:00 PM
From: Alan Lee  Read Replies (1) | Respond to of 18691
 
<< it may be time to go back after the bigger fish now>>

You're absolutely right Roger, thanks for keeping us focused on the big picture. Re CTXS, from the following parts of the proxy statement it sounds like voter approval is needed to increase the number of shares:

<< increasing from 60,000,000 to 150,000,000 the number of authorized shares of Common Stock ... Only stockholders of record at the close of business on March 23, 1998 will be entitled to receive notice of and to vote at the Meeting ... approval of the amendment to the Certificate of Incorporation will require the affirmative vote of a majority of the outstanding shares of Common Stock of the Corporation ... >>



To: Roger A. Babb who wrote (6399)4/6/1998 11:07:00 PM
From: Joey Two-Cents  Read Replies (2) | Respond to of 18691
 
Roger any opinion on Pinnical Oil (PSFD)? They developed this mystical device, a Stress Field Detector (SFD) to find oil fields while flying over them in an airplane. Barron's insinuated it was a fraud n February but the stock is up 2 5/8 to 12 3/4's today on an announcement of a Private Placement with the Stephens Group. Insiders have also been selling lately.