INPR - Inprise to Borland (BORL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : INPR - Inprise to Borland (BORL)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David Miller who wrote (803)	8/2/1998 11:12:00 PM
From: Key West	Read Replies (1) of 5102

*****TO DEL YOCAM******* Care to comment on this one....? <<In my experience, this sort of clause is death for a stock price. My most recent experience with this kind of situation is QDEK. Basically, there is now no reason that the owners of the Series B stock can not just short the hell out of the common stock and cover with the future conversion of their preferred stock. The more INPR goes down, the more shares they will get at conversion to cover their shorting. This makes it easy for them to short more shares than they already "own" via conversion, which can cause a lot of dilution. The only thing that could combat this effect is strong earnings, which we don't have. QDEK had losses and experienced massive dilution (on the order of 75% additional shares) due to a similar placement.>> Any comments for this thread, Mr. Yocam? Gene Piccoli

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next