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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (7522)	4/6/1999 10:27:00 AM
From: drakes353	Respond to of 18998

The rout is on....just took out the lows.

To: RockyBalboa who wrote (7522)	4/7/1999 2:05:00 AM
From: chester lee	Read Replies (2) \| Respond to of 18998

Christian and Drakes, DLIA needs cash and can't do a secondary without tanking the stock and adding dilution. The financial solution is to kick out iTURF via IPO and funnel the some cash back into DLIA. The net effect is the same, but the PR is more positive, and the long investors get fool. Everybody has seen a secondary issuance of additional shares, but what is this new financial scheme of the IPO by using the IPO cash to buy fresh minted shares of the parent?? The IPO and recent estimated price increase looks so interesting that DLIA's cash needs and the dilution are hardly noticed. DLIA could have sold some of its holding in iTURF later for cash, but the message there be a negative one. People would say iTURF is not a good buy if DLIA is puking it out. What's a short to do. Had to post. The silence was more painful than the typing. chester