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Microcap & Penny Stocks : ABTX - Agribiotech -- Ignore unavailable to you. Want to Upgrade?

To: Jack Jackson who wrote (6983)	1/15/1999 12:35:00 PM
From: david cameron	Read Replies (1) \| Respond to of 8359

Bloomterd article refuted in interview picked this up in yahoo. If substantiated it goes to the blooomterd credibility. A refuted piece of the bloomberg article..... by: jabtlb 17616 of 17634 ABTX'ers, I went ahead and called Charles Elson a young law school professor at Stetson Law, only about 20 miles south of my office. I thought I would do my part for ABTX because of the proximity of the school to me. He stated he was quoted out of context in that article and his quote was one of generalities not one directed at ABTX or their financial structure. He was upset about being quoted and was going to take it up with Bloomberg. Isn't it rather suspicious that most of the so called "Experts" the Bloomberg author quoted were from rather diminutive company with no reputations. I mean, a law professor from SMU, and one from Stetson (a 2nd rate law school), and an investment banker from Champaign-Urbana??? I can name 5 Investment Banking Firms on Wall Street that specialize on Agribio deals, why not quote them?? No go to the resident expert in small town Illinois?? I bit the bullet on that one, and it helped destroy the credibility of the article. I am sure if we check around, very few people would give this article much credence. I hate to break it to the writter of the article, but it is not uncommon for warrants to be issued on COVERTIBLE BOND OFFERINGS!! Hence the name CONVERTIBLE!!! This article is almost laughable because it has very little quantitative facts, with a biased negative opinion of the stock. One question for the author of this article, and you don't fool us we all know you read this board. Why would a acquiring company be less inclined to invest in ABTX because they would be concerned with significant dilution? An acquiring company if they have any investment savvy, which I am sure they will use a reputable Investment Banker, knows that they concentrate not on shares on the float of total shares outstanding. Total shares outstanding must include "ALL SHARES CONVERTED OR UNCONVERTED, TREASURIED OR UNTREASURIED, RESTRICTED OR UNRESTRICTED" that means all shares which could possibly flood the market. Currently that number is 75,000M, and is being requested for increase to 100,000M. The writter of this article needs to watch it, he is treading on that thin red line! Posted: Jan 15 1999 11:26AM EST as a reply to: Msg 1 by YahooFinance Replies: View Replies to this Message