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Microcap & Penny Stocks : Syncronys Softcorp (SYCR)
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To: Pluvia who wrote (503)1/26/1997 12:18:00 AM
From: Sidney Reilly   of 30240
 
<<. I suggest you look into the
conversion language as it means 10 million bucks worth of stock are going to be
hitting the market over a period of time, and that period started a few months ago
and appears to be occurring now. >>

If you had done YOUR research you would know that 7.81 million remains to be converted right now and that will not take place until March 14 at the earliest as SYCR renegotiated and there was a 150 day period in the new deal in which no stock would be converted. And only 15% can be converted at a time with a cooling off period after each conversion. With the price moving up as it is the coversion will probobly take place at the contracted 3.50 level and only be 2.231 million shares total at that conversion price over an extended period.

<< I would disagree with you that the debentures are as you say "not a concern". There
are presently approximately 19-20 million total outstanding (not 15ish as you suggest,
due to the conversion of the debentures. >>

There is not 19-20 million shares outstanding and the conversion is nowhere near completion.

In another post you also made disparaging remarks about my intelligence. That is not called for and you are the one who should be examining your own sloppy work! Bob
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