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Technology Stocks : VitalStream Holdings Inc. (VSTH)
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To: pipick who wrote (140)7/22/1998 8:25:00 AM
From: Mason Barge   of 447
 
<<THEY WOULD RATHER CONVERT FOR THEIR 15% AND GO TO THEIR NEXT DEAL>>

Not necessarily. It depends on interest rates. An "in the money" convertible with a favorable face rate can be sold for more than its conversion value, and if held in conjunction with corresponding short position, can in some instances be marketed to a fixed-interest fund, especially if the placement is large.
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