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.

Pastimes : Georgia Bard's Corner -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (4469)	7/29/1998 9:00:00 AM
From: Nescom	Read Replies (1) \| Respond to of 9440

Good Idea Gary. Let me know if you dig up anymore info on this guy. Nescom

To: Ga Bard who wrote (4469)	7/29/1998 9:26:00 AM
From: H-Man	Read Replies (2) \| Respond to of 9440

Bad JuJu: Floorless Debentures.... Tying to educate myself here, there is little info on these wonderful pieces of paper, here is what I found. After spending all night and finding nothing useful, I asked Zeev. His PM to my question (with permmision Gary !): H-Man, the floorless were invented in the last two three years (in essence to replace the dreaded Reg S), thus there is not much literature or any. You must read the conversion terms (and these applies to all type of convertible instruments, debentures and preferred, CTYS was killed with a floorless preferred not a debenture). The simple fact not yet understood by the investing public is that if a company has to accept a floorless it is because their back is financially to the wall, thus the presence of a floorless is a sign of financial weakness, or closed financial markets to the company. Zeev A specific example: Message 5056943

To: Ga Bard who wrote (4469)	7/29/1998 10:32:00 AM
From: Gator	Read Replies (2) \| Respond to of 9440

Ga Bard, what's your take on QUST? QUST - Hugely undervalued at $5 7/8. Book Val: $9.73. P/E 10.7. Last 12 mth eps $0.52. Next earnings due this week or next, analysts expecting $0.16 vs. $0.12 last year (but that was before two recent acquisitions which the CEO said would be immediately accretive to earnings). Shares Outstanding: 2.14 million Float: 1.4 million Short Position: 130,000 shares Stock is selling near 52 week lows. Company recently converted preferred shares to common (1.4375 shares of common given for each share of preferred), which triggered some selling (people selling their "extra" shares). Way oversold at this point. Warrants are a good play (QUSTW - 1 9/16-1 5/8). Coverage by Ladenburg Thalmann and J.W. Charles. CEO Dominic Polimini expecting a revenue run rate of $100 million this year and $200 million next year, thru acquisitions (very fragmented industry) and internal growth (15-20%). Every acquisition to date has been immediately accretive to earnings. Gator