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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (7062)	5/17/1999 10:15:00 PM
From: kumqwatt	Read Replies (2) \| Respond to of 57584

Rande,your opinion of KANA please:http://biz.yahoo.com/prnews/990517/ca_kanakar_1.html

To: Rande Is who wrote (7062)	5/18/1999 6:44:00 PM
From: xcr600	Respond to of 57584

My shot on BDE's current finances. For the record, I'm still long. The company is cash starved, hence the sell of shares at $2 and the convertible debenture. Although the convertible is small at only $1mln, the holder still can short 166k shares to start with, which may have already taken place. The stock is seeing downward pressure, and volume has dried up extremely fast. Getting a floorless debenture is like going to a loanshark. It's a resort to raise cash. The threat of greater dilution comes from the private group of investors. Having seen their investment already triple, do they start to sell?? The company has stated they have registered all shares(for the buyer) so that they may be sold on the open market, but I'm not sure if a 144 needs to be filed. All of the shares constitute restricted stock that cannot be sold in the public market until such shares are registered or until an exemption from registration is available. We have agreed to register all 2,132,000 shares for resale by the investors. Has anyone tried to calculate the cash brun rate quarter over quarter? That would be critical to determine how long this round of financing will last. The expected revenues from HP will probably be held up, so they shouldn't be relied upon. I like the companies technology, but their finances are ugly. It would be nice if INTC would step in w/an infusion of cash. Appreciate all comments. x btw, Yahoo is wrong. There are over 11mln shares outstanding.