WavePhore (WAVO)- VBI fed WaveTop for WebTV Message Board

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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV

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To: david thor who wrote (1911)	11/20/1998 4:34:00 PM
From: Ken Turetzky	Read Replies (1) of 2843

WAVO filed a form 424B3 with the SEC on Nov. 12. freeedgar.com Apparently, about 2.4 million new shares may be put into play. "Includes such number of Common Shares estimated to be issuable upon conversion of the Series C Preferred Shares as of November 9, 1998, assuming a Floating Conversion Price of $4.10 per share is used to determine the Common Shares issuable on such conversion." What is the significance of the $4.10 price? Are we facing severe dilution of WAVO's price?

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