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Technology Stocks : General Magic

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To: Souze who wrote (9783)10/1/2001 9:39:51 PM
From: Seconds Out  Read Replies (3) of 10081
 
Interesting filing today regarding 40% of the D and F Preferreds. A nice step in the right direction, but hard to understand why these Preferreds would agree to convert at 3 to 4 times current prices for a $400,000 payment. It will be interesting to see what unfolds over the next two weeks during the reset period. I wonder which group of Preferreds will make out better?

Seconds Out.
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