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 : EGLO Executive Telecard -- Ignore unavailable to you. Want to Upgrade?

To: Mike Petriv who wrote (233)	1/14/2000 11:51:00 AM
From: Dako	Read Replies (1) \| Respond to of 300

I agree with your observation, Mike. In fact, those out there who may be wondering why EGLO isn't moving up on a day when the NAZ is up over 100 points may want to consider an important element of supply/demand for this stock which IS the most important factor in determining its price in the absence of more "news": As of the close of business today, the Series M preferred which carries a hefty 20% dividend on its $9 million liquidation value, will by prospectus be forced into conversion into 3,773,585 shares (conversion price of $2.385 per share). I can't be sure of when these shares will actually get sold, but without the 20% dividend, which the company will be happy to no longer pay, I can't believe the holders won't have some itchy fingers. Just trying to help some recent and unhappy purchasers with a little preview of coming attractions in EGLO land.