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 : From A to Zeev" -- SI Sacks Zeev -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (514)	10/21/1998 10:59:00 AM
From: Amots	Read Replies (1) \| Respond to of 708

Good Morning Zeev. I need to pick up your brain and TA (like 20% of SI), regarding KMAG. I got in at 2 3/8 and they are near 4. What is the chance to have another WFR in 1 month? Regards Amots P.S Out off VECO at 28 3/4 from 24 1/2, will wait for now.

To: Zeev Hed who wrote (514)	10/21/1998 11:08:00 AM
From: Larry Brubaker	Respond to of 708

Zeev, they had to redesign their production line. As of mid-August during the last CC, they said that was essentially complete. Insider buying began in late August, suggesting the redesign was successful. Potential customers have had non-production samples for some time, and are presumably testing production samples now. Speculation is there will be a contract announcement soon. The bottom was reached after announcement of their "hybrid" convertible preferred shares. I call them a hybrid because if VLNC announces a material contract before 1/27/99, the conversion to common is at about $6. If no contract before 1/27/99, conversion can be at a floorless variable rate. I'm sure insiders are well aware of the dangers of floorless variable conversions, and their buying of 600,000 shares suggests to me there will be a contract before 1/27. Also, short interest had been increasing during the spring and summer, hitting 600,000+ shares after the private placement was announced. It has recently begun to decline. Down to a little more than 400,000 shares. Thanks for the read.