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.

Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: thecalculator who wrote (26563)	9/7/2001 5:55:04 PM
From: westpacific	Read Replies (2) \| Respond to of 30051

Topping Bar on VIX, CC Channel uptick - SHORTS ABOUT TO GET CREAMED. They are setting them up, building the fuel, perfect setup today for next week. 100% out of all shorts, get ready to rumble. Short term bounce of course. West

To: thecalculator who wrote (26563)	9/7/2001 6:32:38 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 30051

I just read it and it read to me just to be issued until May 2001, the next milestone when that report was written. One of the deals has a floating price with a floor at $12.5 (I think few others might as well, except that the difference, if TSEM shares are under $30 is in form of wafers credits). There are additional payments and milestones which will increase both the BV and number of shares. They have also a commitment to raise an additional $190 MM in equity (over the next three years) to satisfy the $550 MM loan from the banks, that will add shares. Believe me they will be close to their authorized number of shares by the time the fab 2 spits out wafers late in 2002. The grant is only 250 MM and is 20% of "qualified" investments. I did not see there any discussions of required additions to working capital, that will reuire more money (typically 30% of annual sales rate). Zeev