Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Stanley L Brown who wrote (17929)	6/16/1999 7:34:00 PM
From: Michael	Read Replies (1) of 18263

Same old story for Zit, only difference is daily dollar volume continues to decline. This in turn makes the convertible bonds that are converted into stock more difficult to sell. The increased time to sell these bonds means that Zitel will be not be able to continue to lose a million a month. Next 10 Q one needs to see how much convertible debt is left. Then figure how much debt was converted during the past Q. Using this as a rough guide one can then calculate the day the well will run dry. So far one cannot do this, but the coming 10 Q should be interesting for those on the death watch. sure is a nice day Michael

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