The New QLogic (ANCR) 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 : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jay Quinty who wrote (14571)	2/20/1998 2:55:00 AM
From: Eleder2020	Read Replies (1) of 29386

>>>IMO, this greatly reduces the likely of any shenanigans(read drop) on the stock price prior to conversion.<<< Jay- I agree with you and my point is that killing the price with shenanigans would hurt their Series B stock which they would rather see at 10 then at 3 . It would be a gamble to kill the stock price hoping it would rebound again. My contention is that they do better if the stock price is higher because they own the series B.If Ancor is 10 they are over a double on the Series B and can get there 15% on the Series C. that's about a 60% return on the combined investment. If the stock drops to 5 they are up about 15-20 percent on the combined investment and could only reach that same 60% if ANCR gets back between 8 or 9. My ponderous point was that From a financial perspective I don't see much sense in them shorting the stock if they were so inclined. Time will tell and thanks for the explanation. Ed

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next