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Technology Stocks : RSL Communications Ltd (RSLCF)

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To: Rob C. who wrote (96)2/22/2000 7:54:00 PM
From: Bill Lotozo  Read Replies (1) of 178
 
Rob,

I got the prospectus on the bond offering but unfortunately I threw it out. I do remember that the class b common had ten votes per share while the class a (what we have) has one vote/share. Also, there was one person who owned well over 51% of the equity and voting shares. This kind of concentration keeps the price down since there is no takeover premium unless people feel he wants to sell. I also can't find what kind of interest rate is being paid on the bonds or the conversion price on the convertables. Do you have that information.

I'm considering dumping my shares when they go back up to 23. The company is too concentrated and they don't file with the sec since they are a foreign company.

BIll
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