THQ,Inc. (THQI) Message Board

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Technology Stocks : THQ,Inc. (THQI)

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To: Joe Btfsplk who wrote (6066)	7/28/1998 10:24:00 AM
From: DAVID BANISTER	Read Replies (1) of 14266

I certainly hope they use a fixed price for the conversion that is much higher than today's price. If you issue this with a "premium" to the stock price at time of issue, or with a premium at time of conversion...there is a big difference. The wording is key, otherwise the shorts will kill the stock. Take a look at Hayes computer company, these boneheads issued a convertible with at 15% discount conversion rate to the stock price. The ceo figured the stock was going to continue much higher, but the shorts shorted the stock agressively and drove it from $10 to $ 1 3/8 per share!!! Thqi appears to be issuing with a conversion at a premium to current price, question is we need more details. seems about a 10% dilution now, but if they invest wisely... thats ok.

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