SI
SI
discoversearch

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 : TPII - Year 2000 (Y2K); Groupware; Client Server Migration
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: yomaz who wrote (10729)6/14/1999 11:29:00 AM
From: Ice Cube  Read Replies (1) of 10903
 
Another point, whether or not they reverse there is still the issue of over 10% ownership by certain companies that did the converts. Now they would have to file 13d's but normally they shy away from that type of thing so look for the stock to get liquid and their positions be lowered before they would have to file. They have 60 days after they convert to file that they have a control block. So two things might happen, 1) the stocks starts to trade heavy volume (may or may not go up) and 2) They would move the price up and convert right under the 10% ownership and save the problems. Of the two, look for the volume and the dumping to get under the 10%. It's funny to think that people who did some converts and put in only $250,000 own more stock than any of the McFools.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News