The New QLogic (ANCR) Message Board

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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

0.0%

Aug 24 5:00 PM EST

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To: Greg Hull who wrote (18410)	10/7/1998 7:37:00 PM
From: iceburg	Read Replies (1) of 29386

Greg, Is the monthly 15% conversion bounded on month boundries? If so then my previous post is accurate that the Reg-D holders have no incentive to depress the stock any longer. I.E. their November conversion price has now been secured at at most 1 1/4. I don't forsee them spending more shares to try and drive the price any lower, the risk/return is not there. If they keep selling tomorrow it is out of ego and spite, not out of good judgement. That is unless there is a flaw in my above assumptions that n=19 and the monthly conversion is bounded on the month boundry Steve

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