Accelr8 Technology (ACLY) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Accelr8 Technology (ACLY)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: CalculatedRisk who wrote (98)	6/21/1997 10:06:00 AM
From: Hands Off	of 149

Regarding the 1.2 million warrants held by Tom Geimer. I called Tom yesterday and talked to him about his warrants. For his warrants, although I did not ask about other insiders, there is nothing magic about 6/18 or any other date. They have been exercisable for years now. Tom specifically said to me that he could NOT afford the taxes if he were to exercise those warrants. Secondly, they are restricted. Even if he did exercise them he could not sell - and here I think I recall him saying they were restricted for 2 years but am not sure. I am confused about the statement that they MUST be exercised by end 97. Tom said also that the only way he would exercise those warrants would be in a tax free exchange. Tom has worked years to build the company, some of them without pay, and has personally guaranteed the debt at times. I have a hard time believing he would do anything to jeoperdize his company like dump stock. But that is my impression. We also spoke about the future and how optimistic he was. I share his enthusiasm. Remeber Accelr8 is not just a Y2K company. They are basically a DEC migration tool set maker helping customers get off VMS and on to UNIX and soon NT. That is where the strenght of this company lies - not in the next 3-6 months. The Y2K work they do wil be nice for the revenue stream and hopefully serve as the starting point for building a long term relationship with the customer. Before you short, I urge you to call Tom at 303-863-8088. He would be happy to talk with I know since I asked him specifically if I could post this comment. Luck to all and lets keep the dialogue going. I would like to have an unemotional conversion with a short. Marshall

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next