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

To: Jay Quinty who wrote (14571)	2/20/1998 2:46:00 AM
From: Jay Quinty	Respond to of 29386

Just a little follow up to my last post. I went back and looked at the S3 (I know, why didn't I do that before I posted!!). and the conversion price on the Reg D is based on the average price of ANCR common on the 5 days prior to conversion, not one day prior as I posted. Minor technicality. Jay

To: Jay Quinty who wrote (14571)	2/20/1998 2:55:00 AM
From: Eleder2020	Read Replies (1) \| Respond to of 29386

>>>IMO, this greatly reduces the likely of any shenanigans(read drop) on the stock price prior to conversion.<<< Jay- I agree with you and my point is that killing the price with shenanigans would hurt their Series B stock which they would rather see at 10 then at 3 . It would be a gamble to kill the stock price hoping it would rebound again. My contention is that they do better if the stock price is higher because they own the series B.If Ancor is 10 they are over a double on the Series B and can get there 15% on the Series C. that's about a 60% return on the combined investment. If the stock drops to 5 they are up about 15-20 percent on the combined investment and could only reach that same 60% if ANCR gets back between 8 or 9. My ponderous point was that From a financial perspective I don't see much sense in them shorting the stock if they were so inclined. Time will tell and thanks for the explanation. Ed