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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: HandsOn who wrote (321)	12/5/1998 4:14:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Latest on AURL. One great thing about a thread becoming a sort of family is the various strengths that are demonstrated by the members. After debates public and private with no less than 6 different contributors, it appears that we have the following situtation on our hands: 1. If AURL shareholders vote "yes" to allow the holders of preferred shares to convert to common, we have a problem. Though it is illegal to short for the purpose of converting at a higher rate, it is always done [directly or indirectly]. Furthermore, the shorting is done thru margin accounts, whereby the holder has nothing to lose and everything to gain, so they keep on shorting as far as they can...they really have no interest in the company whatsoever...just in the enormous money they can make off the increasingly high number of shares they convert when price drops. 2. If AURL shareholders vote "no" we are in. 3. Until this vote is complete...sorry to say...we are better off on the sidelines. It is unquestionably an exciting company with the possibility of a great future ahead. More deals could be forthcoming as well. We should watch this one closely, but for now, it is best to do so from the sidelines. Rande Is