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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: ted birnbaum who wrote (35529)	5/10/1999 9:17:00 PM
From: Rajiv	Read Replies (1) \| Respond to of 122087

ASTN floorless I will be really surprised if the Series D & Series E have not been converted already (my guess is they were converted in January). We can confirm this when they file their 10-K in another 7-8 weeks. The Series A and Series B are probably not owned by aggressive investors(the offshore variety who short the stock into a death spiral). ASTN desperately needs to raise $$$. They have around 2.4 million warrants which if exercised can generate around 13.5 MM for ASTN. I am expecting ASTN to call in the warrants (force them to be exercised) soon - we will probably hear about it this Friday or next Monday. At the close today - ASTN - 11.125 ASTNW - 5.96875 The warrants can be exercised at $5.85 The ASTNW warrants have a "premium" component. This premium component will gradually disappear over the next few weeks. ASTNW might even start trading at a small discount too. Most warrant deals involve a 30-day period before which the warrants holders have to exercise their warrants. In this period, the stock usually goes down. We will have to wait and see if ASTN follows this trend or if the hype causes the downward pressure to be absorbed. Regards. Rajiv