SI
SI
discoversearch

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: Greg Hull who wrote (20031)1/8/1999 10:52:00 PM
From: Greg Hull  Respond to of 29386
 
Kerry,

I was wrong. I checked my data tonight and the sub $3 conversion prices run out next week. Since the middle of December the conversion rate has been running about 3900 common shares per preferred (390,000/$1M). As of yesterday this is over, and by next friday the conversion rate will drop below 3000.

The big picture remains the same: further dilution is negligible and price weakness cannot be attributed to them much longer.

Greg