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To: quidditch who wrote (7491)10/11/1999 7:18:00 PM
From: Art Bechhoefer  Read Replies (1) | Respond to of 60323
 
Steve, seems to me that SNDK would have done better if they issued a private placement of convertible preferred stock, thereby avoiding all regulatory hassles and also avoiding dilution of earnings on the common. This is a strategy used a couple of years ago by QUALCOMM. Given the pending agreement with Toshiba, I'd bet that some venture capitalists would be very happy to get a private placement of preferred.

Art