3SOF

how about ONT?

Hi, David
I noticed that institution holding of tlwt is aroung 91.9%. Do you think we should still hold it?

Thanks.

Hi David,

Is HOM forming a head and shoulder shape?

Hi, David

There is a rmour that trad may buy ET's daytrade business. This may be the reason for trad to drop.

David,

Please look at below information. It seems not good news. Price dropped 0.15 after close hours.

http://biz.yahoo.com/ap/051212/neomagic_stock_conversion.html?.v=1

NeoMagic to Convert Preferred Stock
Monday December 12, 11:13 am ET
NeoMagic to Convert Preferred Stock Into Common Shares

SANTA CLARA, Calif. (AP) -- Embedded microprocessor maker NeoMagic Corp. said on Monday it had converted its series B preferred stock into common stock.

The company said the preferred stock was converted into 869,565 common shares on Dec. 9. The company no longer has any of the series B shares outstanding, and the move wipes $3.4 million from its balance sheet that had been treated as debt.

Shares of NeoMagic, which hit a 52-week high of $9.75 on Dec. 9 after the company reported a third-quarter profit, were down 9 cents at $8.59 in morning trading on the Nasdaq after having changed hands as low as $7.55 earlier.

Please help me.

Does anyone know how to do short on Ameritrade?

Thank you. 

David and Don,

My previous post is totally wrong as I don't understand warrants. I read some articles today and found below statement from http://www.hashemian.com/financial-markets/stock-warrants-183.htm.

"warrants normally carry a long term limit before they expire (such as five or more years) and when exercised, new common shares are issued by the company to cover the transaction"

It seems that the Company has not issued outstanding common stocks for these warrants yet, but to buy back warrants. It costs company $0.19 to redeem each warrants. So this action won't reduce the oudstanding common stcoks.

Quote from: bigdogs99999 on November 30, 2005, 03:00:07 PM
David,
You posted the news from the 8-K that I was about to post, but you did not analyze what it really means!!!  This news is fantastic!!!!!!!!!!!!!   BRVO issued and sold 40,500,000 shares for
$20,250,000.  Net proceeds of $18.9 million. BRVO plans to use $5.8 million to redeem warrants for approximately 30.3 million shares.   Do the math.  The increase in shares is 10,300,000 shares for which BRVO receives net $13.1 million (18.9 - 5. or about a $1.30 per share.  It is well above the market price, and provides the needed capital for putting product on the shelf.  This news is fantastic!!!     (The private investors also see the potential given the exercise price of the contingent garbage for the future).  The window of opportunity for BRVO is NOW given CCE and I am happy to see BRVO go so quickly to the market to get funds to ramp up production - I only wish that it had happened sooner so that production ramp-up was further along!  Why that did not occur is the real question to me given the projections of the company.

Dave

Hi bigdogs99999,

I don't think your math is right.

I am not familiar with stock warrants, but it seems to me that $5.8 million is paid by company to compensate difference between execisable price at $0.80 of those warranted stocks and current market, which is:

30.3 millions shares x (0.80  execisable price - 0.61 market price ) = $ 5.76 million.

Please correct me.

Your broker will credit this dividend to you net of withholding tax.