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Technology Stocks : Quarterdeck: Making a Striking Comeback! -- Ignore unavailable to you. Want to Upgrade?

To: J. Kittle who wrote (2013)	12/15/1997 7:14:00 PM
From: Jesse Livermore	Read Replies (2) \| Respond to of 3307

Okay I read the pre14A, all 29 pages. It is not about a reverse. It is the filing for the annual meeting, Feb.5, 1998. Actually, there are no surprises here. The increase to 90,000,000 shares is necessary to satisfy the convertible reserve pool and to allow a cushion for the stock options to employees. If the common is at $1.00 when the conversions hits, 31,000,000 new common must be issued. This would be only 15,000,000 if the common is at $3.00 after March 1, 1998. It would be less if the common is higher. So, no big deal if the common moves before March. Also, there are many options outstanding most with a price of over $4.00 per share so there is a big incentive for the owners to get the stock price up above $4.00. We will not know the extent of the dilution until March so no use fretting on the maximum number. If things go well, the stock price will move up and the dilution will not be major. If the price stays low it means a major dilution but, then again, if we don't move up it means we are looking at a losing bet anyway.