CYRIX / NSM Message Board

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Technology Stocks : CYRIX / NSM

NSM 18.27

0.0%

Jul 31 5:00 PM EST

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To: burn2learn who wrote (8901)	3/6/1997 12:52:00 PM
From: arya khidayen	of 33344

RE: registration statement " A company spokesman said the intent of the second supplement is to identify those holders not identified in the prospectus or the first supplement. He said the second supplement affected about 10% of the holders." My understanding of this situation is that Cyrix's Board has allowed the securities and underlying stock to be registered, they could have told the bondholders that they weren't going to allow them to be reg'd, that they would have to wait until 2001 to redeem them; the Board must feel that it is in the company's interest to allow them to be reg'd and sold...or at least is not harmful to the company at this time. If all the notes do get converted, it would be about 3million shares; but I don't know if those are existing shares the company has in treasury, or new shares to be issued( which would be dilutive).. comments? arya@cnct.com

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