Rande Is . . . HOME 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.

Strategies & Market Trends : Rande Is . . . HOME

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rande Is who wrote (6090)	4/30/1999 1:02:00 AM
From: Steven Finkel	Read Replies (1) of 57584

Rande: On tpegw issue: If you go to their website discussion, you will see a riot going on. Apparently there is confusion over the terms of the warrant that stems from when the company enacted a 3:1 reverse split. Dr. sandrew has posted information that is essentially saying that when the split ocurred, the number of warrants stayed the same and that the exercise price of each warrant went up 3x to (from 1.75 to 5.25 per share). Ok by me if you ask, but then he says: so now you need 3 warrants plus 5.25 to get one tpeg share. So he has tripled the exercise price, and tripled the number of warrants per share. That is insane and is upsetting that management could make such ridiculous statements. I am sure that this has hurt the price of the stock over the past few days and has killed any momentum tpeg had in the short term. In addition, I can't believe that they didn't issue a press release when their web site was up and running. What is going on over there?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next