INCE - Intercell info??? Message Board

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Microcap & Penny Stocks : INCE - Intercell info???

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To: Chad Beemer who wrote (3014)	9/4/1998 8:10:00 AM
From: Scott H. Davis	Read Replies (1) of 3358

Chad, you missed my point again. These posts were neither aimed at you nor Paul. Issue is education. Look at the effect on share price from the discounted convertible, "death spiral" placements. First with INCE then with NPCT. QDRX was another casualty. TRIBY is one that did a discounted convert placement for a product line acquisition. Company is doing OK, share price is not. Did an announcement in Feb that triggered a lot of buying but also volume for the converts to be sold into. They were not forthcomming about what had happened until months later, after the effect was done. Having learned about these disasters the hard way I sold this spring a 2 7/16. I could have replaced it this week at 1 3/16. Company is OK, but almost innevitibally the stock takes a huge hit. I tried to warn the the raging bulls but was ignored. My concern is about people buying into a pump and dump. Your right, Paul may not have had other options. But I still caution that a company that does a death spiral placement is a much SHORTEDmthan initiating a LONG position. If you want to go long, short, then wait for the dammage, then buy in a lot cheeper. Scott

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