SI Diamond Technology (SIDT) 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.

Technology Stocks : SI Diamond Technology (SIDT)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Joe Master who wrote (97)	1/9/1998 11:49:00 AM
From: Jim Armstrong	Read Replies (2) of 623

Saw the following article. Couldn't help wondering what the implication was of redeeming the options in cash instead of stock. I would like to interpret it as an optimistic sign that the stock is expected to gain substantially in worth, more than the cash which I would guess is a dear comodity at this point at SIDT. Any thoughts? JimA -------- SI Diamond Tech Director Walt Cunningham Resigns Dow Jones Newswires AUSTIN, Texas -- SI Diamond Technology Inc. (SIDT) director Walt Cunningham resigned. In a press release Friday, the company said Cunningham plans to form a new venture capital fund. Separately, the company redeemed 32 shares of its Series E convertible preferred stock for $368,855 cash, instead of issuing 653,822 shares of common stock. An additional 32 shares of Series F convertible preferred stock were redeemed for $122,643 in cash, instead of issuing 188,759 shares of common stock. SI Diamond, a holding company with units which provide microelectronic fabrication, said both transactions were in Decmeber.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next