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.

Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?

To: drakes353 who wrote (27720)	2/6/1998 8:52:00 AM
From: Judgement Proof.com	Read Replies (1) \| Respond to of 33268

Just keep whistling the same tune Drakes. You can't come up with anything better. It's too bad about all your big picks biting the dust, EFII, RAIN, IOM and lots more I'm sure. Must have put quite a dent in those profits you were boasting about a few weeks ago. You sure don't seem able to pick them, which explains why you need someone to feed you inside information.

To: drakes353 who wrote (27720)	2/6/1998 8:59:00 PM
From: jason hu	Read Replies (1) \| Respond to of 33268

"100 shares of the initial 5,000 shares of the 1997 series C Preferred stock had been converted into 41,409 shares of Common Stocks" Drakes, does it mean we are facing an overhang of over 2 million shares throughout the conversion period? That is really scaring and much worse than Axelrod. According to the 10Q, the number of shares of Common Stock that may be issued upon conversion of the Preferred Stock will be equal to the value of the Preferred Stock divided by the applicable conversion price. Assuming the value of the 100 shares Preferred Stock is about $90,000, the applicable conversion price is about $2.17, which is about last week's all time low price. I feel these private investors could drive the price further lower and make their conversion more profitable. What kind of significant sales can overcome such overhang? 5 million? or 10 million?