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

To: pressboxjr who wrote (2408)	1/25/1999 10:41:00 PM
From: KonKilo	Read Replies (1) \| Respond to of 57584

Good point, JR... Hopefully, it was a small truck unloading shares...<g> I couldn't find any negative financing with the exception of possibly this: {In April 1998, the Company completed its acquisition of the Object-Fax NT product line, a facsimile software application designed for LAN's, WAN's and Internet-based networks, from Tolvusamskipti HF, an Icelandic corporation, in exchange for $300,000 in cash and 100,000 shares of Castelle common stock and the right to receive the number of additional shares of Castelle common stock on the date six months after the acquisition necessary to make the fair market value of the common stock received in the transaction not less than $500,000 (the"Acquisition").} Think this is responsible for the way its acted? It seems as though this would have been finished this past fall. What am I missing? Ken

To: pressboxjr who wrote (2408)	1/25/1999 11:16:00 PM
From: lightfoot	Respond to of 57584

CSTL, it bothered me as well, I did not see a lot of large sells though. Either the MM's were holding it down to try and load up on some shares or someone was dumping. If they are indeed a candidate for a buyout, which I think is a distinct possibility. Then the MM's could make much more money by collecting as many shares as they can at a low price and waiting for the buyout news to create a nice run! Why would NASDAQ postpone the delisting unless the company had something substantial to change the financial picture? I'm sure we will all be watching to see how it plays out!