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Non-Tech : Hvide Marine HMAR - High Growth, Undervalued
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To: Grommit who wrote (246)2/2/1998 8:14:00 PM
From: Thomas C. Donald  Read Replies (1) of 547
 
Grommit: The only other point we discussed was that there are only $115 million in convertible debentures instead of the $175 million that Sturges contended.

Regarding the ideas you outlined, if the current acquisitions can be completed without a secondary offering, wouldn't it make to most sense to hold the offering until the stock price was much higher (say $40) to provide for a greater debt reduction.
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