Ina statement emailed to TradeWinds the company’s chairman said it intended to price14 million shares this evening but decided to pull the plug at the last minutebecause the final price proposed by the underwriters overseeing the deal was “notacceptable”.
“DiamondS does not need the money and will not issue stock at the relativelyunfavorable price created by the present stock market environment,” he added ina note that came just minutes after
