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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?

To: Nutbuster who wrote (5906)	9/23/1998 10:30:00 PM
From: David Wise	Respond to of 6297

>> prior to the 21st<< OK, but your post was on the 22nd. Did I misunderstand something? Or miss some news? Was this the one about additional financing with convertible preferreds? Any idea what kind of price and volume we could expect from each customer? Well if the convertibles are limited to .50 that still could result in 4,000,000 additional shares, plus warrants, assuming that the announcement referred to the same 2 million dollar issue reported a month or more ago. Maybe if they sell their chip they can buy back the convertibles. Anyway, can't beat the stock price for the potential. Since I averaged down, when it goes to .50, at least I'll break even.