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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (9026)	7/3/1999 2:29:00 AM
From: fishweed	Read Replies (1) \| Respond to of 57584

Rande - Re: BDE. It appears the registration price on the warrants has been set, $5.91 which was the closing price the day of the filing of the S3. It would be counter productive for them to short the stock down now. conjecture.... What appeared to us as amateur shorts may simply have been someone keeping a lid on the stock for a reason. This is common practice when setting options, warrants or private placements. In this case, for the registration of all those shares. More conjecture.... Correct me if I'm wrong but....Even though the exercise price on these shares was $4.00, The IRS has now locked onto them at $5.91. The sale of any of this stock below the registration price would create losses. Whither thow go'st?

To: Rande Is who wrote (9026)	7/3/1999 11:36:00 PM
From: Frog 99	Read Replies (1) \| Respond to of 57584

Check out this bit of DD,interesting........ messages.yahoo.com

To: Rande Is who wrote (9026)	7/5/1999 9:10:00 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 57584

Rande, all I can say about BDE, is that these are floorless, and that is always a danger. I doubt INTC will engage in "predatory shorting", but they have some smart CFO and they certainly could take the position of hedging their situation fully, at least once. The rest of the lenders, I really do not know. You should expect pressure on the price until full conversion has occurred. One thing you can do is to monitor weekly the share count at the transfer agent, that should give you an idea if the debt is actually converted to shares or just used as a collateral for death spiral like shorting. In the first case, you will see an increase in the share count (shares converted already), in the other case, price will decline and sharply, but share ount will barely nudge, then you should conclude these floorless are not friendly. Zeev