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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 231.17-0.4%1:27 PM EST
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To: SKIP PAUL who wrote (37200)1/27/1999 3:40:00 PM
From: Don Westermeyer  Read Replies (1) of 164684
 
Who would buy converts of a debt strapped company that is losing money, at conversion prices above current equity levels.

They wouldn't of course. They could set up a convertible that converts at a lower price though.

Also they could still sell bonds, it is just that the rate will be going up for them. :)

AMZN could also dump equity on the market.

There are many companies in much, much worse shape then tulip.com than amazingly continue to get financing.

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