SNRS- Sunrise Technologies Message Board

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Biotech / Medical : SNRS- Sunrise Technologies

SNRS 0.000001000

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Jun 6 11:01 AM EST

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To: Rich Wolf who wrote (3673)	1/14/2000 1:18:00 AM
From: TheLineMan	Read Replies (1) of 4140

I think your wrong: ". 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 2000The conversion price will not be above $13.67 or below $3.00." Doesn't that mean they will not have to pay more than $13.67 a share even if it is trading at $100? And if its trading at $10 they get the shares at $7.50? The company probably won't last long enough fot them to get any interest anyway. I would convert and sell (or short at $20) and take 70% in days rather than take 7% over 10 years.

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