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Technology Stocks : SI Diamond Technology (SIDT) -- Ignore unavailable to you. Want to Upgrade?


To: dwight martin who wrote (368)7/21/1998 3:50:00 PM
From: Joe Master  Read Replies (1) | Respond to of 623
 
Well based on calculations they are now out of cash or will be very soon. The last time they were faced with this they issued a bunch of Preferred stock the shares were converted (in the main) to common and over the course of a year the number of outstanding shares went from 13 million to 26 million. The price also took a dive. So sure go ahead and buy under $.20 but should you recommend buying at $.18 or $.12 or will it hit $.08 or $.06 this time.

Also be ready to dump at any time because you may only get one chance (or none). I think you have better odds putting your money on the roulette wheel in Vegas.