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Non-Tech : LL Knickerbocker(KNIC)/Pure Energy Corp
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To: Gerald Zubkoff who wrote (216)2/23/1997 10:42:00 PM
From: Brunello   of 1028
 
Here's a correction to HHR110's post:

Subj: Re:The BOTTOM LINE
Date: 97-02-23 22:26:49 EST
From: HHR110

Correction to my previous post this evening.

The accretion occurs from day one and is prorated over a two year period . A 17.5% accretion on $15 million debentures results in interest charge of $2.625 million over a two year period. This results in a pre tax charge of $327,000 or an after tax charge of $130,000 per quarter or less than $0.01 per share . Not very material in my opinion.
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