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

To: janski who wrote (14651)2/23/1998 8:23:00 PM
From: Dean Wilson  Read Replies (1) | Respond to of 29386
 
<<The buyers agreed to not do any shorting though.>>

Right. But they can convert their Series B and sell the common during the next 30 days.

Will they?

Dean



To: janski who wrote (14651)2/23/1998 8:38:00 PM
From: janski  Respond to of 29386
 
The terms of the financing allow them to sell the stock for 50%+
premium to where it closed today.. assuming that once it should move up it will stay up.. perhaps there was a reason to negotiate that into the terms of the deal? Or did the buyers try to protect their
interest in case the price should move up, it won't make any difference to them if the price goes down, other than they won't make
much.


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