Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.430

+6.6%

1:36 PM EST

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To: Steve Fancy who wrote (9787)	11/18/1998 2:08:00 PM
From: David Petty	Read Replies (1) of 22640

Steve or anyone, Why with the convoluted pricing of the babybras did the Tele Centro Oeste Celular (TRO) still come in at the $2.50 area (converted 1 for 3) rather than juryriged say at $16.25 (1 for 50) like Tele Norte Celular (TCN) or Tele Leste Celular (TBE) which were converted at 1 for 50? No problem, just curious about the whole pricing process. Also, did you earlier say that you can still convert to TBH after yesterday or is it truly to late? I kinda of want to keep my babies for awhile but if my broker (E-Schwab)(which by the way has had no info what so ever for their e-clients on Telebras split) charges a full set of odd-lot commissions to unwind the TBE and TCN (I do not end up with quite 100 shares of those 2) I may rethink... However at each point today and yesterday the 12 parts added up to more than the going price for TBR/TBH... so I still think the 12 parts are the better deal even if some are suspect... Thanks for your posts (I just started here on Sunday)... They are the only good infos I have found re: Telebras/Brazil. David II

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