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Non-Tech : ThermaCell Technologies (VCLL)
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To: Andrea Lastroni who wrote (60)6/29/1998 11:25:00 AM
From: Micropicker  Read Replies (1) of 164
 
Check the last quarterly report.

The last quarterly report contains information on the amount of preferred shares that were converted. It is only a small percentage, but indicates that the holders converted at the earliest possible opportunity. Since that time, the prefs have had the opportunity to convert more shares every so many days. One would assume that they are converting at every chance they get and are dumping. There are not enough people that bought on the December dip to be selling at a profit when the bid is 25/32nds. Only the prefs can sell at that price and come out ahead.

Can anyone get the info out of VCLL on how many shares were converted, when they were converted, and at what price? Or of how many have been sold?
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