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Technology Stocks : p-com (pcms)
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To: kvogel who wrote (1101)6/8/1999 8:21:00 PM
From: Bernard Levy  Read Replies (2) of 1461
 
Hi Karl:

The private placement which is mentioned is the
conversion of the floorless Series B. Note that the
PR this morning indicated that the registration of the new
shares would take effect on June 19, which fits perfectly
the 2 weeks time frame of the CBS Marketwatch story.

The question is now to figure out what the convert holders
will do with their newly issued shares and warrants.
Get the shares + exercise the warrants and then dump
or hold? The second option would signal a great degree of
confidence in the future. So, the tape will tell the tale.

Best regards,

Benard Levy
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