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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST

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To: Greg Hull who wrote (18311)9/30/1998 11:06:00 PM
From: iceburg  Read Replies (2) of 29386
 
Greg,

Thanks for the clarification.

Since they already have their October conversion price set, their next goal would be November. If n=19 then October 8th (or 7th if the market is closed on Columbus day) would be the last day for the forseeable future that the Reg-D shareholders would have anything to gain by spending shares to hold the share price down.

Coincidentally I'm sure, After the October conversion price was secured (near September 10th) the stock price went up significantly.

Steve
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