Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.60

+1.5%

3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (42932)	2/27/1999 6:37:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

1- if price gets to 145, then that's within shooting distance from the conversion price. It may attract a lot of buying then, since the bonds that are converted will be removed from the debt, which of course is very positive to the business, even if dilutive to the shares. Sarmed, I may be a little dense on this issue but I can't see how the bond holders will benefit at this point. They do get stock correct? They would have to sell that stock to get their money back but that would be a lot more than a little dilutive. I better go back and read the terms of the bods. I am missing something. Glenn

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