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Technology Stocks : VCampus Corporation (VCMP) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Lee who wrote (91)6/28/1999 10:29:00 PM
From: Larry Brubaker  Read Replies (1) | Respond to of 106
 
It is and it isn't. It is in that there is no floor on the price at which shares could be "put" to H&Q. It isn't in that it is up to UOLP as to when (and therefore, at what price) they would "put" the shares to H&Q. They don't have to put any shares to H&Q if they choose not to.

H&Q has no control over the placement of their shares, and therefore, they have no incentive to drive the price lower. I don't think H&Q is in that game to begin with.



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