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Gold/Mining/Energy : Altair Nanotechnologies -- Ignore unavailable to you. Want to Upgrade?

To: John S. Baker who wrote (348)	4/7/1998 5:07:00 PM
From: Rajiv	Read Replies (1) \| Respond to of 603

The news can be looked at in 2 ways. 1. Bullish - This reduces the # of outstanding shares and is therefore beneficial to the remaining shareholders 2. Bearish - We have more people who are very eager to bail out. They prefer to have 180765 shares now rather than 4 times the # of shares in the future. I think "age and declining health" is only an excuse. It might mean that they are expecting a sharp drop. The 180765 shares should hit the market as soon as they are issued. I am more inclined to the second view (possibly because my opinion might be biased). ALTIF is trading in a narrow range with very low average daily volume. I am expecting that this news release will be ignored too. (It hit the newswires before the close and had no effect). I am very optimistic of seeing a sharp downward move with much larger than average volume (sometime in the future). Regards, Rajiv