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Technology Stocks : Aureal Semiconductor
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To: Artslaw who wrote (947)3/17/1999 10:25:00 PM
From: HedgeCola  Read Replies (1) of 1136
 
Dear Steve, I believe the 13D filling also mentioned something quite interesting. They apparently converted the majority of the death spiral preferreds on March 5th 99, guess when Aureal started climbing? The next question to ask is who started the buying. One answer is the group mentioned in the filling. After they converted, they started to buy the commons, which makes intuitive sense. The saga continues. How should you interpret it? Well, the way I see it they had no incentive to buy the commons until they conv. the preferreds, at that point their interests where in line with the common where as before they wanted the common to die so they could dilute to the max with the preferreds. So, it is a good thing in my opinion. Whenever the financial situation of a company clears up, the market favors it, simplicity rules in this game.

HedgeCola - "The True Cola"
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