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Non-Tech : BJ's Restaurants Inc.
BJRI 34.95+0.7%Nov 7 9:30 AM EST
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To: Wowzer who wrote (347)2/19/1999 11:06:00 AM
From: Lhn5   of 865
 
I didn't realize that ASSI was Habash. I don't understand the gambling issue in this new/old relatioship, as you say. I think based onthe number of warrants turned in, they were given a value of about .30 each? Perhaps unfairly high, but far different than .80 each. The dilution is not excessive, and certainly on better terms than some convertible deals etc whcih small cos sometimes resort to. Certainlly favorable to have the coffers full. Probably only in hindsight( like with many decisions) will it be completely clear if this was wise or not.
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