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.

Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Craig Stevenson who wrote (19057)	10/31/1998 8:50:00 PM
From: Eleder2020	Read Replies (2) \| Respond to of 29386

>>Tom Duxbury ran by the scenario the possibility of Reg Ders shorting the future conversion,converting and selling and then going long the remainder on the conference call. I think it was Cal that answered in less then an (Ancor nano)second that this certainly was a possibility. His lack of any pause where he actually had to think to himself about the technique described in the question made me chuckle and wonder whether Tom's was right on target. At least Ken and Cal are out there talking to these guys everyday trying to convince then to go long. Ed

To: Craig Stevenson who wrote (19057)	10/31/1998 10:06:00 PM
From: Greg Hull	Read Replies (2) \| Respond to of 29386

Craig, <<Maybe we could have gotten some people with substantial firepower to soak up those shares before the price got as low as it did.>> From my perspective the Series C offering was so much more damaging than the Series B offering because of the "applicable pricing period." A low closing price could affect at most 5 days for Series B conversions, while it affects a Series C conversion price for 4 weeks. Calling in an airstrike (if we could) would only work if it could be sustained for many days or weeks. Propping up the price at say $1.50 would be been pretty expensive, I believe. $2 would have taken millions. If we had figured this out months ago, we all could have sold long and bought back in when it hit $1. This wouldn't have taken any cash, and is probably what the ANCR bears were telling us earlier this year. Greg