SNRS- Sunrise Technologies Message Board

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Biotech / Medical : SNRS- Sunrise Technologies

SNRS 0.000001000

0.0%

Jun 6 11:01 AM EST

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To: Anthony@Pacific who wrote (3653)	1/14/2000 12:39:00 AM
From: TheLineMan	Read Replies (1) of 4140

"I hear LEHMAN pillaged them" ............ That's another thing to bear in mind biz.yahoo.com Lehman put in $11.7 million only two days ago with the following conditions..... They convert at the option of the investors at a price set at a discount of 25% to the average of the 10 lowest closing bid prices for the Company's common stock in February 2000. The conversion price will not be above $13.67 or below $3.00. Can't lose unless the stock goes below $3 - can't get any closer to one of those death spiral thingamijigs than that. Plus the warrants. If Lehman had any real faith in SNRS the deal would have been structured differently. Come to think of it how can Lehman have a strong buy out on this stock and do a deal like that if they really believed themselves

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