The New QLogic (ANCR) Message Board

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Technology Stocks : The New QLogic (ANCR)

QLGC 16.07

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Aug 24 5:00 PM EST

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To: Greg Hull who wrote (18856)	10/28/1998 12:11:00 AM
From: Eleder2020	Read Replies (1) of 29386

>>I'm not sure if you meant this literally, but I think 2.2 million shares would exceed their 5% of shares outstanding restriction (unless the dilution is much greater than I realize).<<< Greg-Just one more thought on this, and I don't have the answer for this. Maybe you can help me here. The 5% is for the ammount of the conversion they hold? Well they really don't hold the shares shorted.They sold them .In this case, couldn't they cover 5% at a time and short as much as they wanted over the 5%. Theoretically they could short 5% a day? No?I really don't know. Thanks-Ed Craig-Your eyes not glazing over yet?

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