Shorting stocks: Mechanical aspects Message Board

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Strategies & Market Trends : Shorting stocks: Mechanical aspects

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To: Q. who wrote (29)	7/29/1997 9:32:00 PM
From: George McMeen	of 172

recent SEC pronouncement? ? ? re: convert disc "financing costs" I read this in today's CTEK S-3. "Based on a recent SEC pronouncement, due to the difference between the fair market value of the Common Stock on the date the Debentures were sold and the earliest discounted conversion price, the Company recognized a deferred financing cost of $114,000 in the second quarter of 1997 and expects to recognize $411,000 of such costs in the third quarter of 1997. The deferred financing cost is being amortized over the periods from issuance to August 26, 1997, the date on which the Debentures become convertible." Cheers. George

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