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.
Technology Stocks : VALENCE TECHNOLOGY (VLNC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Curtis who wrote (14170)9/2/1999 5:15:00 PM
From: Larry Brubaker  Read Replies (1) of 27311
 
Does not appear Castle Creek has converted any yet.

26.7 million shares were outstanding as of 6/27. Approximately 1 million shares were sold through the first two $3 million financings since then = 27.7 million shares.

Another (approx) 700,000 shares sold in latest financing brings total to 28.4 million shares.

28.4 million is the amount mentioned in today's filing. Therefore, no conversion as of the time the filing was written.

If subsequent calls to the transfer agent indicate significantly more than 28.4 million shares, you can guess that Castle Creek is converting.

If Castle Creek converts a significant number of shares, that indicates they think they've got their best price. If no conversion, they may be waiting for a better price.

Or, alternatively, they may have never hedged against their convertibles to begin with, and are simply waiting for the stock to go to $100 before they convert:-)
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