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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder]
MPEG 0.0001000-80.0%Aug 29 1:17 PM EST
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To: R KIEFHABER who wrote (6162)5/7/1999 8:47:00 AM
From: Nhiem Nguyen  Read Replies (1) of 6297
 
<what happens if they don't get the required shareholder vote to increase that amount ?>

The bottomline is that the company doesn't have enough worth to pay bond holders who kept them afloat with loans. The only option is to convert bonds into shares. If not, it can be sunk with a few filings.

Even as we vote, JNC can easily make that decision.

My point is this. We have two choices: death or dilution. I meant JNC has two choices, and we follow JNC.
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