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.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (4679)	1/17/1999 11:26:00 AM
From: jjs_ynot	Read Replies (1) \| Respond to of 122087

Do you have any insight you can share: Subject 24988

To: Anthony@Pacific who wrote (4679)	1/17/1999 11:55:00 AM
From: xcr600	Read Replies (1) \| Respond to of 122087

re: IMON edgar-online.com << The number of shares of Common Stock estimated to be issuable upon conversion of each of the 1,050 shares of Series B Preferred and 1,030 Shares of Series C Preferred, and the consequent number of shares of Common Stock available for resale under this Prospectus, is based upon a conversion ratio which is $1,000 divided by 65% of the closing bid price of the Common Stock on NASDAQ averaged over the five trading days immediately prior to the date of conversion. >> Wouldn't it benefit the company more by keeping the price up during conversion, thereby diluting the stock less? If the stock was trading at $1, there would be dilution by 4.6mln shares, now it's greatly less. Doesn't seem possible for much of a squeeze one way or another, but this might be one that is better shorted in stages next week. Friday was day one. x <edit: btw, who the hell is going to pay $34.95 for a "superbrowser"? >