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 : JTS- "A Nordic Drive in Every PC and laptop"
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wallst10 who wrote (1031)7/8/1997 7:52:00 PM
From: Patricia Zatarain   of 1985
 
Previous posts:

To: osvaldo diaz-christians (980 )
From: tbevan Jul 3 1997 12:55PM EST Reply #996 of 1034
Re: the conversion price of the bonds. They can convert at any price at a discount (I
think they said 15%?) from the stock.

Message from Donald Smith on Jul 8 1997 4:55PM EST
Good question, could be she is just clueless. This bond converts into 61.31 shares of common. Based on the closing price of the bond today (37) you have a conversion value of $6.03. If you think this stock is cheap, buy the stock. If you are wondering if the company will survive, follow the bond price. This bond is selling at a ytm of 32%. The market is not giving this company great odds of surviving.

Well I guess I am clueless, but so was the above post, by tbevn. I guess tbevn was wrong about the conversion details. I have been asking for the conversion price for about 2 weeks and finally some has come up with the right answer, I hope. The point I have been trying to make is, if you are wondering if the company will survive, follow the bond price. I am just trying to figure when and if this stock will runup like it has so many times in the past. I am not selling bonds, I just think it is lucky that we have another instrument to follow which may give us a hint to future moves of this stock. After all if JTS had options, no one would critisize anyone for following the movement of the options. Thanks, Donald for finally answering the conversion question.
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