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Technology Stocks : Zitel-ZITL What's Happening
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To: CalculatedRisk who wrote (7333)5/27/1997 11:44:00 AM
From: E Rosen   of 18263
 
I, too, wondered whether any "interested parties" might be buyers of the debentures. If they really do convert to more shares as the price falls, then this could be a ploy by management (or parties close to management) to get full control of the MD stake rather than losing it in a bankruptcy. I suppose they would also get control without converting, because in a bankruptcy they are ahead of the shareholders in line to get paid off. We really need to know the terms of the debentures.
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