Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Ian@SI who wrote (18100)	6/15/1998 7:44:00 PM
From: Zeev Hed	Read Replies (1) of 25960

Iamn, I think, but am not sure, that this issue was not registered under the SEC regulation (placed under one of the Reg D sections and sold only to "accredited individuals" or institutions), and therefore cannot be traded freely in the market. By registering these securities (and I see less than $5 MM or so out of the total $172 MM ) these can now (including the underlying stock, probably) be freely trading. Some of these debentures must have been registered before since someone on the thread mentioned buying them. I do not view this as having an impact on the stock, at least not know. In some cases such debentures are used as collateral for debt (or the holder borrows against these debentures) and the lender sometimes insists that only "free trading" securities be pledged so as to assure liquidity in the event of default. That is all I can speculate right now. Hopefully someone else has a more complete answer. Zeev

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