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Technology Stocks : NTN Communications, worth 185 million? -- Ignore unavailable to you. Want to Upgrade?

To: Rich Genik who wrote (1760)	12/8/1997 8:55:00 PM
From: dwight vickers	Read Replies (1) \| Respond to of 2985

Rich, Here's the scenario. S&S converts shares with NTN stock at $1 1/4 (handy number). With a 15% discount on that they get mucho million shares at $1.07 or so. This is after they have shorted from $2 1/2 on down. So they then start selling the converted shares and force the stock even lower, say under $1 to $.75. Then they begin to cover, or maybe cover here and there as they sell it down to $.75. Now keep in mind they can create short term rallies anytime they want with the aid of a market maker, lets say? I believe that's what has been going on recently. Short rallies then breakdowns. Up is down and down can be up in the stock market when handled by pros. So they make massive amounts of money on the shorts, which is the plan. They also probably make money on the converted shares. You mention risk. They have no risk because once converted they are holding millions of shares which can be used to sell and force the stock down, or to cover if needed. They have such selling power that no long interest exists that can stand up to them. Remember that all institutions are probably gone by now. They flee at the first sign of a discounted convertible financing if they hadn't fled already. And they don't come back in. As far as the cash situation goes, I was told by someone close to the numbers that if you look closely you find that they are in a worse cash position than they were a quarter or two ago. Adding in the financing money and building gain leaves a negative cash position that doesn't equate to what the company has been saying. I had said I would look at it, and haven't been able to. This person did a very detailed analysis, and knows how it's done. Anyway, thought I could coerce you into a detailed check, ala Tom Sawyer. I will try at some point, but am still on the beaches of Tampa Bay celebrating a third NFC Central Championship. Life is good, but the 28 oz. beers are taking a toll. :^) Dwight