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: jason hu who wrote (27752)	2/6/1998 9:21:00 PM
From: Marshall	Read Replies (2) \| Respond to of 33268

Jason - 100 preferred shares represents $100,000 thus in this example $2.415 each. A friend commented that this inital 100 shares may have something to do with the privates creating a "holding company", something perhaps Drakes can comment on. I'm not so sure they can begin regular conversion until the first 22 days after approval of the documents has past and remember - they will likely keep any conversions to amounts which would represent under 5% of the total shares at any one time due to the rules that 5%/better beneficial shareholders must follow. Also - isn't the conversion price refigured on each event of conversion?