International Precious Metals (IPMCF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : International Precious Metals (IPMCF)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: kimberley who wrote (26577)	11/15/1997 10:46:00 PM
From: Zeev Hed	Read Replies (1) of 35569

Kim: Redeemable means the company can pay the debt before conversion to stock. I am not sure why if the conversion price is variable. Therefore one must assume that the conversion price is fixed at 125% of a price of the stocksometime in the next few weeks, otherwise they sould not be able to "draw down" on that debt by the end of the month-fundamental, Dear Watson<G>). The company assumes that by the time the bond will be submitted to conversion the stock will much higher than 125% of the price on fixing day, and thus it might make sense to make a PP or another type of offering at muvh higher prices and redeem the debt rather than let it convert at a lower price. I, for one would like to see them draw down that line by the end of the month. Zeev

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next