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Microcap & Penny Stocks : Microvision (MVIS)
MVIS 0.980+5.4%Jan 12 3:59 PM EST
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To: Ronald Kronemann who wrote (2827)6/8/1999 3:02:00 AM
From: dwight martin  Read Replies (2) of 7721
 
I am thinking that since there are 6-odd million MVISW out there (not to mention the other special warrant classes), the stock will be diluted by that amount on conversion. I agree there will be downward pressure on the stock price, but I think it may start as soon as the warrants can be called (i.e., after the 20th day, etc.).

I will sell chunks of my warrants, convert each chunk to half the number of shares of common, and pocket the change against a possible or probable drop in stock price (when I would consider buying more).

While there are those who believe the company will avoid this, it seems at least possible to me that the stock price could even fall to below $24 right after the warrants are called. Even at a stock price of $20, the warrants would still be a good deal for those who paid $8 or less.

What is wrong with these thoughts, anyone?
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