LSGT/NASDAQ/Lasergate: Virtual Concert Tickets.... Message Board

STOCKTALK

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 : LSGT/NASDAQ/Lasergate: Virtual Concert Tickets....

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stefan Habermayer who wrote (119)	4/10/1997 12:46:00 PM
From: John Schneider	of 194

Dear Stefan, If you read the 10K more closely the answer to your questions is very simple: Yes, there was a Reg. S deal done on June 27, 1996 and no other deal eversince! Those preferred shares are convertible into common shares after August 7, 1996 at the five day market price of the stock but not higher than 1$ and not lower than 45 cents!!! That means that the holder pays at least 45 cents for its common shares. The first conversion took place on January 27 at 55 cents!! In August LSGT was trading above 1$ and they did not convert and lock in their profit. That can only mean that those Reg. S investors are either very longterm investors in the company or very stupid or both. In any instance they own the shares at 45 cents and if they did not sell in August above 1$ why should they sell now at a loss? I believe in the company and especially in Mrs. Soechtig. I'm trying to accumulate at 1/4 but do unfortunately not get any stock even though the bid is only 7/32. I think MMs are playing games. Regards, John in

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next