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.

Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (11885)	7/22/1998 1:30:00 PM
From: Roger A. Babb	Read Replies (1) \| Respond to of 18691

Bob, the AND convertible is worse than the usual discount: "The Notes will be convertible into shares of the Company's common stock at a conversion price equal to the average of the two lowest closing prices of the Common Stock during the 30 trading days preceding any date of conversion, subject to a maximum conversion price of $16.125 per share. " On a lightly traded stock like AND it is possible to knock it down big for a couple of days and then convert after it rebounds.