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Technology Stocks : SUBMICRON SYSTEMS (SUBM) Great Buy! -- Ignore unavailable to you. Want to Upgrade?

To: Marty who wrote (969)	6/23/1999 9:29:00 AM
From: jeffbas	Read Replies (2) \| Respond to of 982

Marty, while as a noteholder your post is very nice to read -- a bit of advice. You are exposing yourself to some SEC risk if you are really in position of having material inside info by publicly posting it. I would say no more. To common shareholders, per the latest 10Q there is a huge amount of convertible debt here, including $3.6 million issued after 3/31/99 convertible into 8.9 million shares (at $.40). If that debt is not restricted as to conversion, I would think that there would be unlimited supply available above $.40. Furthermore, that in and of itself suggests that if there is a buyer for the company, hopes of something more than $.50-1.00 are probably unrealistic. Even if I were certain there were a takeover coming, I would be very hesitant to buy the stock because of uncertainty of receiving much if any premium. In view of what Mr. Ferran had to deal with when he came, for him to walk away without a bankruptcy, returning something to common shareholders, and putting the company and employees' jobs in the hands of a strong company has to be regarded as quite an achievement -- if it occurs.