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Technology Stocks : Noise Cancellation Technology (NCTI) -- Ignore unavailable to you. Want to Upgrade?

To: Andy Hewson who wrote (2373)	10/7/1998 4:48:00 PM
From: daaan	Read Replies (2) \| Respond to of 2775

That's harsh. I could see the company do a reverse split, watch the stock melt and sell the company. They do have good tech and low debt I believe.

To: Andy Hewson who wrote (2373)	10/10/1998 4:52:00 PM
From: Rob Pierce	Read Replies (1) \| Respond to of 2775

ANNUAL REPORT - page 11 Series C Convertible Preferred Stock The formula given for this issue to convert to Common is shown as: [(.04) x (n/365) x (1000)] + 1000 --------------------------------- Conversion price with the stipulation that the conversion price can go no lower than $0.625. If 1 share of the series C were held for a year and the conversion price is $1, the holder can convert to 1040 shares. If, instead, the conversion price is 0.625 (5/8, above today's value of 17/32) then the holder can convert to 1664 shares of common. Seems to me that this preferred issue would have the effect of giving Preferred shareholders a great incentive to keep the stock price below 5/8. The 1 year period is not hypothetical: the original issuance of the Series C was between Oct 28 and Dec 11, 1997 - one year ago). And the longer they hold, the greater the conversion rate. Am I missing something here, or is the existence of this class of stock likely to put the kabosh on any attempt by the stock price to move up? Rob Pierce