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.

Biotech / Medical : Techniclone (TCLN) -- Ignore unavailable to you. Want to Upgrade?

To: EZLibra who wrote (1125)	1/22/1998 3:03:00 PM
From: Jim Baker	Respond to of 3702

We are indeed not all one happy family. A few shareholders are in love with the NJ Devil. You and I are not. Let's remember that he is said to have claimed credit for this disastrous convertible financing. He therefore ain't no friend of mine.

To: EZLibra who wrote (1125)	1/22/1998 3:12:00 PM
From: Jim Baker	Read Replies (1) \| Respond to of 3702

Davis, I re-read #1062 and find nothing relevant. In that post you talk about the number of shares that can be owned at any one time (which has nothing to do with converting to cover a short) and the number of shares that can be sold per day (which has nothing to do with converting to cover a short). In post #1125 you say the Reg Ds are at risk of a short squeeze if a big announcement comes out. Well, if, if, if. Wanna make that "break a buck" forecast?

To: EZLibra who wrote (1125)	1/22/1998 3:24:00 PM
From: Jerry Davis	Read Replies (1) \| Respond to of 3702

Davis You keep looking at converting the S-3 later in the year. This is the conversion week average of the lowest share price for Jan 26 conversion. Is it possible that they would like to keep it low this week before any news (new ceo) (China) comes out? Convert next week when/if any news comes? I believe when the placement was done the stock was at $5.00 and now $1.25. If someone shorted at $5.00 they made $3.75 less interest. I would not think anyone would continue to short with only $.50 to $.75 profit left. They only other way would be to take over the company by converting at $.50 share price. Just my thoughts. Thanks Jerry Davis

To: EZLibra who wrote (1125)	1/22/1998 3:42:00 PM
From: Jim Baker	Respond to of 3702

Davis, I believe you have mislead people. The company's 8-k (page 3) clearly states that: "The conversion price is the average of the lowest trading price of the registrant's common stock for the five consecutive trading days ending with the trading day PRIOR to the conversion date..." So - A "big announcement" has no impact on the Reg Ds who have shorted the stock. They get to convert at a really cheap conversion price, one that was in effect PRIOR to the day of a big annoncement. Period. Your entire understanding of what is happening is suspect. I really wish you hadn't suggested that I was a know-nothing and you were a know it all. Please quote directly from the 8-k (including page numbers) if you have any proof of restrictions on conversion. Thanks! By the way... Where is the volume? We know the sellers are still lurking. Where are the buyers? Where is the volume? Break a buck?