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Technology Stocks : Coyote Network Systems (CYOE), Mixing It Up, IP and ATM -- Ignore unavailable to you. Want to Upgrade?

To: solstice who wrote (347)	2/4/2000 11:23:00 AM
From: Q.	Respond to of 360

I was right - the pump was in preparation for a private placement. Convertibles with a big discount: the fact that they resorted to this method of financing is a sign of a lousy company. The discount on the conversion price is huge, around 50%. There will be a big incentive for the holders of the convertibles to short the stock and lock in their profit. Dilution: The 3.2 M shares of new shares that will find there way onto the open market will represent a 33.3% increase in the float. Ouch!