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 : Superconductor Technologies : SCON -- Ignore unavailable to you. Want to Upgrade?

To: Alan Edgett who wrote (223)	5/3/1999 8:51:00 PM
From: Wafa SHIHABI	Read Replies (1) \| Respond to of 903

The conversion is already factored in the price. All the shares and warrants referred to seem to calculate to a $3-7 range. Today's prices are more of a reflection on the company's slow rate of success in marketing than the dilution (IMO). Agenda for the proxy statement from that link: 1. To elect seven (7) directors to serve for the ensuing year and until their successors are duly elected and qualified. 2. To approve the removal of limitations on conversions of preferred stock into common stock and exercises of warrants to purchase common stock issued by the Company in private offerings in 1998 and 1999. 3. To approve a provision in the Company's Series C Preferred Stock financing providing Wilmington Securities, Inc. (an indirect, wholly owned subsidiary of The Hillman Company) representation on the Board of Directors. 4. To approve the adoption of the Company's 1999 Stock Plan. 5. To ratify the appointment of PricewaterhouseCoopers LLP as independent auditors of the Company for the year ending December 31, 1999. 6. To transact such other business as may properly come before the meeting or any adjournment(s) thereof.