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Technology Stocks : NTN Communications, worth 185 million?
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To: dwight vickers who wrote (1984)2/13/1998 2:58:00 PM
From: Rich Genik  Read Replies (1) of 2985
 
Dwight,

My understanding of the initial S-3 (I'll go back and check if I get time today) was that the pfB issue itself could not be converted into more than 20% (19.6%?) of the outstanding shares, and that any 25% of the shares could not be converted into more that 4.9%, at the conversion price. In the event that one of the conversion transactions would exceed these limits, two possibilities exist: 1) NTN can pay the difference in cash, and 2) NTN can pay the difference in stock at the current market price (average closing bid of last 5 trading days) without the 15% discount.

Cheers,

Rich
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