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Microcap & Penny Stocks : APPAREL TECHNOLOGIES, INC. (APTX-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: ISOMAN who wrote (452)	9/15/1998 3:33:00 PM
From: paulbk	Read Replies (1) \| Respond to of 517

The company's silence is kind of crappy here. It's obvious they have their problems but a news release explaining the situation and what they intend to do about it would seem to be in order. Un- fortunatly, death spiral convertibles often end like this with the shorts demanding more shares from the company,the company refusing but giving up in the end after they have negotiated a floor. I believe APTX will negotiate a floor (debt= x number of shares) and then put it to a vote of shareholders to approve the increase or face bankruptcy. Just my opinion in the absence of any statement from the company, but I have seen this played out this way before,regards,p.b.