Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 227.37

+0.3%

3:59 PM EST

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To: Jan Crawley who wrote (71671)	8/3/1999 10:28:00 PM
From: Michael Young	Read Replies (2) of 164684

<<Of course that they will make a killing if the stock goes to ZERO. But if the stock bounce back to $156 or above later this year, then they get Nothing>> Wrong. The convertible is designed to allow them to participate in much of the upside - over $200. It is a win, win for them. It is a loser for AMZN that they have no chance of forcing a conversion any time soon. They will now have to make semi annual interest payments of approximately $28 million. Pretty damn bad for a company that is bleeding money already. MIKE

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