Fastcomm FSCX (6 1/8), base now complete. Big Upside. Message Board

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Technology Stocks : Fastcomm FSCX (6 1/8), base now complete. Big Upside.

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To: scope who wrote (542)	2/22/1998 6:32:00 AM
From: Alan Aronoff	Read Replies (1) of 802

<<Since there is not a fixed conversion price, the holders of the convertibles will like to exercise as close to zero as possible in order to get more shares for their money.>> At the same time, the holders don't want to own shares that are worthless either. Ultimately, extreme dilution would hurt all the shareholders of FSCX. But then again, if they short it, I guess they can cover the short shares with the converted. hmmm...

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