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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Marconi who wrote (15059)	11/5/1998 1:32:00 PM
From: mchip	Respond to of 18691

I agree Marconi. Some other recent and upcoming AND events... - Convertible exercisable on 10/8/98 sec.gov <<2,100,000 shares of Common Stock which are issuable upon conversion of the Company's 6% Convertible Notes Due June 10, 2000 (the "Notes"), which Notes were issued and sold by the Company on June 10, 1998 in a private placement... 2,100,000 shares of Common Stock which are issuable upon conversion of the Company's 6% Convertible Notes Due June 10, 2000 (the "Notes"), which Notes were issued and sold by the Company on June 10, 1998 in a private placement... Based upon the thirty day period preceding September 18, 1998, the conversion price would be $5.2175. If the entire principal amount of the Notes were converted at this conversion price, the Notes would be convertible into 2,060,948 shares of Common Stock, or 18.5% of the outstanding shares as of September 18, 1998.>> Today the conversion price would be ~ 4.65 (10/15 @ 4.5 and 10/16 @ 4 13/s) and AND closed at 11. This was initially a floorless, but was amended. Max Dilution now is 2,100,000 shares at a conversion price of 5.12 - Annual meeting 11/13/98 Proposals: - Directors Election * Increase authorized shared of common stock to 25,000,000 from 15,000,000 Authorize 5,000,000 shares of preferred stock (No plans for issue) Authorize 1998 stock option plan - Ratify selection of Arthur Anderson as accountants for year ending 12/31/98