Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.570

-4.5%

Dec 26 9:30 AM EST

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To: jayray who wrote (9640)	11/12/1998 3:33:00 PM
From: jayray	Read Replies (3) of 22640

UPDATE on TBR/RTB conversion: I just spoke to JP Morgan and was told that the Thursday, 11/12, 2:00 pm deadline mentioned in Post 9599 is a conservative one, and that BONY should honor requests for RTB conversion till the close of business Friday. I was also told that RTB will be convertible into the 12 underlying new ADRS for $.05 each. As each RTB must be converted in total that comes to $1.20 to go back into the new companies. Anyone have a feel for the eventual liquidity of RTB or thoughts on the conversion? How about a show of hands as to what you're doing with your TBRs.

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