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Biotech / Medical : Techniclone (TCLN)

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To: EZLibra who wrote (1125)	1/22/1998 3:24:00 PM
From: Jerry Davis	Read Replies (1) of 3702

Davis You keep looking at converting the S-3 later in the year. This is the conversion week average of the lowest share price for Jan 26 conversion. Is it possible that they would like to keep it low this week before any news (new ceo) (China) comes out? Convert next week when/if any news comes? I believe when the placement was done the stock was at $5.00 and now $1.25. If someone shorted at $5.00 they made $3.75 less interest. I would not think anyone would continue to short with only $.50 to $.75 profit left. They only other way would be to take over the company by converting at $.50 share price. Just my thoughts. Thanks Jerry Davis

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