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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: LLCF who wrote (24720)10/5/2000 12:48:34 AM
From: Mama Bear  Read Replies (2) of 436258
 
"are you suggesting that they could pay for the stock with stock?"

Yes, that's the way that I read it. How could it not be a liability on the balance sheet otherwise, and what the heck is the company's option if they're forced to settle in cash?

"The outstanding put warrants permit a net-share settlement at the Company's option..."

I admit that I wouldn't be surprised to find that I am all wet in my interpretation.

Actually, here's where I got the idea: Message 14485059

Regards,

Barb
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