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

To: Robert C. Nusbaum who wrote (16980)	7/1/1998 1:27:00 PM
From: Nine_USA	Read Replies (2) \| Respond to of 29386

<<Are our loyal backers shorting us?>> It sure looks like a short covering pop in the first 15 minutes and then the slow, substantial selling began. All that matters is the daily closing price. Obviously there is very little buying from Ancor longs. <<If the terms of the last preferred funding permit that investor to convert now (or soon) to common, selling to help get the price lower in order to convert $11.5m around $3 a share would get 3,833,333 shares. This would be about 24% of the total common (from my recent post) >>