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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc. -- Ignore unavailable to you. Want to Upgrade?

To: JGoren who wrote (46)	2/15/1999 12:21:00 PM
From: Dr. Bob	Respond to of 2484

I agree that the company could have a financing deal in the works, as it will need more capital. I just thought it unlikely that it would go for 2 - 3 times the cost of the stock on the open market. Further, if it's company-issued shares, it would not come out of the float, as rumored (which might drive the share price up); rather, it would be dilutive (which might drive the share price down). Of course, if you're the company selling the shares, it is to your benefit to have the share price appreciate prior to setting the final price for the financing deal. Bob