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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?


To: nic who wrote (14467)2/19/1998 9:27:00 AM
From: Lhn5  Respond to of 29386
 
My take on the conversion price data, which is somewhat incomplete at this point is that the dollar amount of the finaincing (8.5 to 11 million dollars) is divided by the share price at the time of conversion, but is restricted by some kind fof floor price perhaps in the 5 range, and also by a ceiling price whcih varies from 9 to 13 dollars.