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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST
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To: Eleder2020 who wrote (14576)2/20/1998 8:20:00 AM
From: Nine_USA  Read Replies (1) of 29386
 
Eleder,

<My contention is that they do better if the stock
price is higher because they own the series B>

I don't agree.

The series B is only about 20 percent of the total dollar
value of two investments, hence their incentive is tied
far more to optimizing the value of the series C.

(40 percent of the series B were converted, maybe more by now.
Also there was the Saudi prince and other investors. So these
investors can't be now holding more than maybe $2.5m series B.
If the series C is $9-11m then the 2.5m is looking like 20% of
the combined. Because the series C is about 80%, looks to me
like they have plenty of incentive to get the price down
during the price determination period.)
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