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Biotech / Medical : Trinity Biotech (TRIBY)

TRIB 1.050

+7.1%

Nov 28 9:30 AM EST

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To: dowman who wrote (9779)	7/21/1998 9:41:00 AM
From: Scott H. Davis	Read Replies (1) of 14328

Dowman, in all fairness, I do remember a series of quite critical posts from GregP before. And he has a point about the timing of the sale. I thought it was fall/winter 97. And Greg, while it may ultimately add to earnings via both new products and channels, I still must wonder if TRIBY could not have found a better way. Selling of discounted convertibles not only dilutes, it also taints the company in the eyes of many investors. Don't forget market psych. A lot of people will sell immediately if a reverse split is announced, no matter what justification if offered, since they know the historical evidence is clear about the likelihod of a huge decline. Same applies to Reg S and discounted convertibles. A market reality that flies in the face of an otherwise sound business stratedgy. I posted what I did last night partially due to your remark to the effect of not being concerned about the convertibles. For what its worth, it might have been good to have posted your reasoning with the initial comment. IMSCO Scott (last post on this subject)

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