Silicon Investor (SI) -- The First Internet Community

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 : ocom breakthrough technology -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (937)	6/8/1999 1:46:00 AM
From: dumbmoney	Respond to of 994

It wasn't clear to me whether they are selling their shares as part of the secondary offering, or whether they are merely getting their shares registered to sell in the open market The latter. Remember the floorless from fall 1998? The registration statement was never declared effective and OCOM recently withdrew it with an 'RW'. Now the convertible is being fully converted at $3.75. And they can't sell any shares for a year. Basically, OCOM totally stiffed the convertible guys and got away with it. Of course, they were probably fully hedged anyway.