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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder] -- Ignore unavailable to you. Want to Upgrade?


To: Nhiem Nguyen who wrote (6160)5/6/1999 4:24:00 PM
From: David Wise  Read Replies (1) | Respond to of 6297
 
Once people realize that the 100 million shares increase is to accommodate the convertible preferreds I'm afraid they'll see dilution right ahead. With 3 times the current number of shares outstanding, the price will fall unless big sales are announced soon.

I'm out at $.53 (but then I bought all of these at $.20 after cashing out long ago at a loss).

Good luck to remaining longs.