Tricord Systems (TRCD) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Tricord Systems (TRCD)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Brander who wrote (626)	12/8/1998 4:51:00 PM
From: Neil S	Read Replies (1) of 773

Brad, I agree with your comments re Mr. Mitcham, very impressive. Regarding the financing, my take was that for a company recently trading at 0.50 to obtain funding at $1.00 while only giving up ~20% dilution is fantastic ! Many orphaned companies are being forced into floorless convertible preferred stock offerings and suffering 200% dilution as a result when the "investors" short the stock to drive their conversion price lower, or get discounted pricing or both. The incentive here seems to be to generate wealth rather than financial engineering. On top of that, throw in an instant marketing team. However, the comments by people who experienced unsatisfactory results in other Canion Group investments require reflection. Note that the BOD and officers owned ~ 18% of the stock at the time of the last proxy statement [ April ] so i doubt they have given up control completely. We should see an 8K filing shortly, the devil is always in the details. Neil

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next