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Non-Tech : Simula (SMU)
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To: Bill Zimmerman who wrote (691)10/22/1997 1:37:00 AM
From: Noblesse Oblige  Read Replies (1) of 1671
 
Hi Bill,

The short interest is principally a reflection of the outstanding convertible debentures, approximately $ 15 million of which will be called some time within the next two months.

The short position is the hedged offset of the outstanding debentures. Although there may be a few shares short apart from that purpose, the count has to be minimal, and you will see it washed out by the January reporting period.

Have a good evening.
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