Signature Devices Inc. (SDVI)

[turn144]

the easy way out is to convert GRAF to SDVI - that would take up a chunk of the diff between the 2.7B o/s and the 7B a/s. He can't convert SDVI to GRAF unless he uses the 200-1 formula in the past, otherwise the previous conversion got screwed.

The other thing that is unknown are the terms of the Pfds - are they convertible; if so what is the conversion price; are they restricted (time). If the valuation is based on where SDVI is say a year from now, then that allows for their strategy to get deployed and see real value and growth and then the conversion really isn't a big worry but it all depends on the details of the deal.

Feb 1 is shaping up to be almost as interesting as today Jan 20th.