If I were one of the Reg D guys, what would I do?
If I were Ancor, what would I do?
Reg D: I want to own the maximum number of shares without jeoparding the company. I already own 700,000 shares, 5% of 14M shares outstanding. I would not sell or short at current price because I just converted at $1 and change. If price goes below $1, I'm losing money and 'jeoparding the company' and myself. On the other hand, if Ancor makes a run to $2 again, I may sell some to pocket a $1 profit per share. At the same time, I may be able to convert a little more than I sold because the total outstanding shares may be higher because RegD guys #2 just converted some, not much though. I have to weigh the consequences of 'not jeopardizing the company'. It is debatable if I want to sell at $2 or not if I think Ancor has a good chance to hit $10 or $20 next year. I probably sell some in an inconspicuous way, could be hard. I'll wait and see.
Ancor: I would continue to execute the business plan, hire competent workers, work hard to bring in OEM deals. I would consider 'redeem' these regD perfered shares some time next year when I have more deals and money in the bank. I would even consider 'redeem' even if I have to borrow against my 'account recievable'. The RegD guys are depressing my company. I would release good news any chance I've got.
All IMHO. Let me know what you would do if you were one of the RegD guys. |
