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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: djj who wrote (14964)	4/8/1999 6:16:00 PM
From: arnold silver	Respond to of 29382

Hi amigo's Why don't you all check on VMRX it had a big runup the last hour of trading, They may have finally gotten approval from the FDA on their new cell machine.ISOLEX. Looking good, Arnie PS It already has the approval in europe,they are partnered with Baxter

To: djj who wrote (14964)	4/8/1999 11:32:00 PM
From: Ken W	Respond to of 29382

djj, I'll take a stab at your question, if I may. Sergio or someone more knowledgable than I may want to correct me if I'm off base. The secondary offering at 5 is most likely a perfrerred stock offering that pays interest or some sort of perk for buying the stock. Dividends are normally the perk connected to perferred or the right to convert 1 perferred into x number of common at a certain price or date. What a secondary offering does is provide working cash capital to a company for continued operations or the aquistion of some other co. If it is for working capital and the common is at 1+ I would guess that the co. is in trouble and need the cash to operate. Hope this helps some. Ken