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 : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: kormac who wrote (13120)	5/12/1999 9:53:00 PM
From: Lou	Read Replies (1) \| Respond to of 13456

Convertable preferred is selling the common stockholders out. Go to the RMTR thread and ask about the plus and minus side of this.

To: kormac who wrote (13120)	5/16/1999 4:33:00 PM
From: Wayners	Respond to of 13456

Good question. The difference between these convertible preferred and the old convertible subordinated debentures that we were familiar with when we were getting hammered on the stock is the conversion price. It gives APM much needed financing as expected and it is dilutive to current shareholders. However the damage is done to the stock price once the financing is completed. Seems to me you don't get the same shorting effect that you did with the convetible subordinated debentures where the conversion price was much less than the current stock price so they were giving away free shorts to people. Did you see the rate they have to pay on those notes and with stock no less. Obviously APM is a very high risk investment. I have no idea whether APM can actually come to market with product in a timely manner or not. For the time being, seems to me that a lot of the selling pressure is lifted based on the financing. APM won't be going out of business at least for a few quarters.