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Technology Stocks : Brilliant Digital Entertainment -- BDE
BDE 6.650+0.8%Aug 11 5:00 PM EST

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To: Baton who wrote (334)7/5/1999 10:24:00 PM
From: david james  Read Replies (1) of 395
 
I have been looking over the S-3 that was filed. At first glance it appeared to have a bunch of floorless debentures. However, on looking it over more closely, I see that Roseworth converted most all of their debentures in May - and now have only $250,000 left (90k shares left). It is interesting they have been in a hurry to convert.

They do have the $6 mill line of credit from an unnamed investor, but it appears at this time that they have not drawn on that line, and BDE seems to have the right to determine when and if and how much of those get converted to debentures.

David
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