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 : NTN Communications, worth 185 million? -- Ignore unavailable to you. Want to Upgrade?

To: dwight vickers who wrote (1984)	2/12/1998 11:53:00 PM
From: Boris	Read Replies (1) \| Respond to of 2985

Dwight, I'm curious. You have a source or sources inside NTN. Are they still employed there? Are they employees that have left? Thanks.

To: dwight vickers who wrote (1984)	2/13/1998 2:58:00 PM
From: Rich Genik	Read Replies (1) \| Respond to of 2985

Dwight, My understanding of the initial S-3 (I'll go back and check if I get time today) was that the pfB issue itself could not be converted into more than 20% (19.6%?) of the outstanding shares, and that any 25% of the shares could not be converted into more that 4.9%, at the conversion price. In the event that one of the conversion transactions would exceed these limits, two possibilities exist: 1) NTN can pay the difference in cash, and 2) NTN can pay the difference in stock at the current market price (average closing bid of last 5 trading days) without the 15% discount. Cheers, Rich