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 (1134)	1/23/1998 8:27:00 AM
From: Jim Baker	Respond to of 3702

Davis, cut it out. Back down, admit you were wrong about this, and stop misleading everyone. The Reg Ds can cover by converting at low prices that existed before a big announcement. Each holder can call the company and convert, any day and every day. Each holder can sell up to 50,000 shares per day. Period. You are wrong. wrong. wrong. You did not have any understanding of this whole deal. I quote from the 8-k and you ignore me. Shame! As for the bet, sorry, it was a trick question. I will not take the bet since I do not know what each Reg D hoilder will do on any given day. They could drive the stock to 37 cents, or they could not sell a share. It is a sucker's bet, which is why the buyers have fled this stock.

To: EZLibra who wrote (1134)	1/23/1998 1:46:00 PM
From: Jerry Davis	Read Replies (1) \| Respond to of 3702

Davis and All Just got off the phone with Bix (thank you Bix) about conversions. These are the discount dates nov 26 97 - jan 26 98 13% jan 26 98 - mar 26 98 20% mar 26 98 - may 26 98 22.5% may 26 98 - jul 26 98 25% jul 26 98 27% S-3 investors: They call tcln and say the want to convert and on that date they take the average of the lowest trading price for the 5 prior trading days. Conversion cap: After March 26, 98 the conversion price will be the average of the closing price from Feb 10 - Mar 24 or any 5 day lowest trading price from Sept on.(I think this is correct)Which ever is the lowest. Hope this helps us. Jerry Davis