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 : ACII - AmeriChip International, Inc
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: nwest who wrote (1543)4/15/2008 1:35:34 PM
From: BarclayDonaldson  Read Replies (1) of 2396
 
nwest: They are selling shares, just not in the open market. If you look at the SEC Filings, you will see tens of millions sold at a nice discount in private placements. You'll also see tens of millions discounted shares used to pay down debt. Some of these shares are still restricted, they will hit the market eventually.

ACII's method of dilution has changed over the years. First they had the bad deal with Cornell (and they still owe them according to the recent 10K). Then they dumped Cornell and issued shares via S-8 registration. Now they are selling shares in private placements as well as using them to pay down debt. Quantities are pretty much unknown to the "investors" until a 10Q or 10K comes out.

I notice Marc mentioned more acquisitions on the way, how do you think they'll pay? Most likely with stock. They do have the Preferred share option now, but my guess is if they issue those for an acquisition, they will be convertible to common.
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