Aeroflex (ARX) Message Board

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Technology Stocks : Aeroflex (ARX)

ARX 13.80

+9.4%

3:59 PM EST

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To: Kerry Lee who wrote (213)	9/6/1997 10:22:00 AM
From: michael gorin	of 586

Hi--i'm the President and the CFO of Aeroflex and while i dont make it a practice to get involved in in chat room dialogs regarding our company, i do monitor them for informational purposes. Since i see some confusion about our outstanding converts, i thought i would try to clear it up. The converts are redeemable at any time at the option of the company. The current redemption price is 104.5 plus accrued interest. Since the bonds are converible into common stock at $5-5/8 , you would expect the bonds to convert as long the stock price remains above the conversion price during the redemtion period.

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