VCampus Corporation (VCMP) Message Board

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Technology Stocks : VCampus Corporation (VCMP)

VCMP 0.00

Aug 15 5:00 PM EST

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To: Paul Lee who wrote (65)	6/24/1999 11:32:00 AM
From: Zeev Hed	Read Replies (3) of 106

Paul, warning, this debenture is floorless: " If the market price of the Common Stock at the date of conversion is less than the conversion price, the Company shall have the option either to pay the holder in Common Stock at a fifteen percent discount to the market price or in cash in an amount equal to 110% of the principal amount to be converted (115% if conversion occurs after 210 days following the date of the agreement). Of course, it is unlikely they'll pay back in cash (this is the commodity they are short of), thus they will convert to stock. If the shares drop under $5.55 look out below. As we speak, the floorless bandits are probably hedging their debenture by selling the stock short against the block, and if that selling pressure gets the under $5.5, look out below, the abyss... Zeev

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