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Technology Stocks : SI Diamond Technology (SIDT)

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To: Redman who wrote (111)1/15/1998 6:09:00 PM
From: Redman  Read Replies (2) of 623
 
Lastly, I received this email regarding my question as to whose choice it was to exchange cash in lieu of shares for the preferred shares that were bought back.

bec

Brady,

It was SIDT's choice, because at the time the conversion price was so low that
we felt this option would protect against further dilution of the stock.

Sara Breuer
sbreuer@diamond.com
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