Photonics Corp(PHOX BB)= DTC DATA TECH (DTEC BB) Message Board

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Microcap & Penny Stocks : Photonics Corp(PHOX BB)= DTC DATA TECH (DTEC BB)

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To: Im-patient who wrote (74)	5/8/1998 1:24:00 PM
From: robert m evans	Read Replies (1) of 102

I beleive what your seeing is conversion of DTEC to PHOX why else would the bid remain and ask rise? If somebody converted the stock there would be a shortage, right? MM's have to keep people from snatching their reserves. Dtec has traded over 170k shares today, after no activity for days, and the bid has been raised, probably to make conversion to PHOX less attractive, but they are going to have to do more. Right now DTEC is selling for .09. Conversion of the stock into PHOX is 7 to 1. You may purchase Phox on the open market at around .78 and sell at .655, Right? Well you can also get the same stock at conversion rates for .63 (7x.09)a nice bargain. Doesn't hurt PHOX, in fact since there are so few shares floating the conversion, dries up the available stock. If someone purchased just 500 shares of PHOX at this moment the stock would definetly move up. The stock just isn't there.

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