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Biotech / Medical : SAFESKIN -- Ignore unavailable to you. Want to Upgrade?

To: LoLoLoLita who wrote (428)10/30/1998 1:59:00 PM
From: KZAP  Respond to of 828
 
I couldn't answer that.

Maybe a call to the company?

At the time it seemed the thing to do? Management believed
the stock was underpriced and expected it to continue to
move up.

(they didn't know a "fire sale" was coming) <g>

Happy investing!

KZAP



To: LoLoLoLita who wrote (428)10/30/1998 4:41:00 PM
From: Apple12  Read Replies (1) | Respond to of 828
 
My answer is they needed the stock for their executive and sales force options plan. They had no idea the stock was going to be dumped. So they probably knew they could pay it back as they forcasted within a year expecting the value only to go higher as each qtr. got better and better. So see the market has its own way of F$%^&^% up a plan. Sure screwed mine up.


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