The New QLogic (ANCR) 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.

Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kerry Lee who wrote (20014)	1/15/1999 12:07:00 AM
From: Kerry Lee	of 29386

Reg D STATUS/Update to the following post: Message 7164355 As of close of business Wednesday, January 13/99, there is now only $250,000 of Reg D left to convert. This means we have bled off an additional $670,000 in just 4 trading days, which averages to $167,500 of reg D conversion per day, ie at a conversion price ( assumption ) of $3.50, this equates to roughly 50,000 shares sold/converted/covered per day. I received the Reg D information today from Steve Snyder, Ancor CFO. Also he is targetting to release Q4 results second week of February pending availability of key Ancor personnel. As a reminder, it is highly unlikely that the converted shares are held long. A conversion is either a sale OR common shares delivered to cover a previous short position by Reg D holder. I am curious to see the short position soon.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next