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A sample of active discussion on Yahoo:Qdek with some intelligent players..... "This dilution business is very complicated and we amateurs have dissected it to the best of our abilities. The onset date of conversion at prevailing lows was March 1, 1998. The accrual was/is 12% per month but it started at issue, we gather, and 72% should be converted as of May 1, 1998 or 22 days from the April 18, 1998 lows. My math may be off but I figure they only have 28% left. If they do another 12% June 1, 1998 at 1 1/2 that leaves 16%. If the price holds and creeps up they may do the last lot July 1, 1998 at higher prices and we can still get out at about 70,000,000 shares outstanding or less. However, it is only our speculation that they exerted selling pressure to keep the price down by selling heavilly into rallies. That is a logical assumption but by no means a certainty. Some may convert and hold as we hope Marubeni Corporation will. It is true that if this dilution is about over the company can get a lift by announcing the worst is over so everyone can breathe a sigh of relief. Therefore, if we may get that announcement June 1, 1998. If we do I would expect a pop before June 1, which means pretty soon. We have a holiday Monday. One thing is sure we have taken the brunt of the selling pressure and 1 3/8 and now 1 1/2 seem pretty tough. I still like the odds of this being a long term bottom. I would be pretty dangerous if I was the CEO with $22 million cash and a $12 million credit line and a slew of $3 1/2 to $4 options. I would pull every stunt I knew to pop this stock to $5 and cash out and retire a multi-millionaire no matter what the long term. Curt makes the big bucks and the Quarterdeck board won't let him sit on his butt for 3 years at $450 plus bonus/year and then have the company smash into another refinancing in 2001. No, I like my scenario, and I challenge anyone to find the flaw in my logic. High risk but very high reward (with or without Intel)". QDEK: Quote | Profile | Research This Is a Reply to: Msg 5364 by TBDevilRay | ||||||||||||||
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