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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: KJ. Moy who wrote (18472)10/10/1998 3:24:00 PM
From: Eleder2020  Read Replies (1) of 29386
 
>>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. <<<

If I had loaned Ancor millions of dollars, I would take the quickest most riskless route to recover loan and maximum profit. Shorting seems to be the weapon of choice.

>>>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. <<<

Another strategy if Ancor attains more money through an OEM or another Inrange type deal is to buy enough shares on the open market at depressed prices to support the stock price which would probably attract some new buyers & might cost less then covering the loan and take the steam out of the Reg D converters and create less dilution , which is also attractive to new investors.
Ancor could then do 1 of two things. They could either retire those shares or sell them for a substantial(hopefully) profit in the future and pocket the money which would flow down to the bottom line or that money could be used in some future expansion.
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