Versant Technology (VSNT) Message Board

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Technology Stocks : Versant Technology (VSNT)

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To: Daniel Chisholm who wrote (438)	7/15/1999 7:25:00 AM
From: nanocap	of 477

Daniel, although debt to equity conversion @ $2.13 per share is less than current shareholders might like, keep in mind that this stock has only recently had a run up to the $2.75 - $3.00 level. Any negotiation with debt holders probably occurred with the stock at lower levels, therefore this convert may have used some type of average price over a certain period of time to determine a fair convert value. I suspect that had the convert been put in place earlier this year when the stock was at $1.25, shareholders would have been pleased that someone gave the Company money and took an above market convert price in return. In any event, only top line growth will determine the potential and acceptance of the underlying technology.

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