SI
SI
discoversearch

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 : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?


To: CH who wrote (7087)6/2/1998 11:59:00 AM
From: Bryon Bothun  Read Replies (1) | Respond to of 10479
 
I don't think the management would intentionally try to manipulate the price down, but I think they knew that nothing was likely to drive the price up over the short term and that's part of the reason for the three different conversion periods. I don't believe that they failed to learn from previous placements and I don't think they are so desperate for cash that they "had" to do this placement now. We all know that DPI is a spinoff worth well over $8 million and they still have available credit.

We are in this situation now and I think we're allowing the shorts to control the dialog if we only debate how badly we're likely to get hosed. It's possible that this was a smart move taken on the advise of knowledgeable experts (Volpe).

Let's not fail to see the opportunities.

Bryon