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Non-Tech : BJ's Restaurants Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Lhn5 who wrote (379)	3/1/1999 11:44:00 PM
From: Lhn5	Read Replies (1) \| Respond to of 865

I will answer my own question from a few posts back. Between this deal and taking $2 a share I take the current financing deal with ASSI. It may be imperfect, but not much in this world isn't. If most shareholders think the stock is undervalued, then the warrants are undervalued as well. A floor price of $2 has been set for the shares, and perhaps a floor of sorts has now been set for the value of the warrants as well. And since the $2 was set, the Arcadia location has been successfully launched making the shares that much more valuable. And with the Woodland Hills opening weeks away, the value will continue to increase. When the value will be reflected in the market price of the shares I do not know. If you are very impatient, this may not be the place to be. Apparently ASSI is deeply trusted by management, or at least the risks of trust are outweighed by the advantages. If you want to see what other kinds of financings can do to a company look at the chart of ANCR--with a convertible preferred offering the stock went from 9 to 1 in a matter of months, and the shares issued climbed from about 10 million or so to 24 million. Now that is dilution!