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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?

To: MB who wrote (8927)	9/28/1998 5:24:00 PM
From: Jeffrey S. Mitchell	Respond to of 10903

If Kernaghan did convert, then the question is if he shorted the stock down, how many shares did he use to do so. My guess would be a lot less than the total number he got during the conversion. So, assuming he covered with stock (as opposed to cash), he'd still have a huge incentive to see the price go up as high as possible so as to be able to unload the newly converted stock at as high a price as possible. The problems with relating this to TPII is 1) We don't know if yet another convert has been done that will keep the price depressed for yet another few days/weeks/months, and 2) We don't know what the restriction period is/was for the past converts so we don't know exactly when the first possible conversion day will be. As happened with CSGI, TPII's share price could rocket at the blink of an eye. Or, perhaps, it could keep trickling down. Again, that's what makes investing fun. - Jeff