Superconductor Technologies : SCON Message Board

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Technology Stocks : Superconductor Technologies : SCON

SCON 2.500

+10.1%

Sep 7 5:00 PM EST

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To: Alan Edgett who wrote (223)	5/3/1999 8:51:00 PM
From: Wafa SHIHABI	Read Replies (1) of 903

The conversion is already factored in the price. All the shares and warrants referred to seem to calculate to a $3-7 range. Today's prices are more of a reflection on the company's slow rate of success in marketing than the dilution (IMO). Agenda for the proxy statement from that link: 1. To elect seven (7) directors to serve for the ensuing year and until their successors are duly elected and qualified. 2. To approve the removal of limitations on conversions of preferred stock into common stock and exercises of warrants to purchase common stock issued by the Company in private offerings in 1998 and 1999. 3. To approve a provision in the Company's Series C Preferred Stock financing providing Wilmington Securities, Inc. (an indirect, wholly owned subsidiary of The Hillman Company) representation on the Board of Directors. 4. To approve the adoption of the Company's 1999 Stock Plan. 5. To ratify the appointment of PricewaterhouseCoopers LLP as independent auditors of the Company for the year ending December 31, 1999. 6. To transact such other business as may properly come before the meeting or any adjournment(s) thereof.

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