Knight/Trimark Group, Inc. Message Board

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Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

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To: Patherzen who wrote (1245)	5/21/1999 7:50:00 PM
From: stockster	Read Replies (1) of 10027

My guess is it is like a loan with NITE shares as collateral. SWS seems to be betting on NITE shares going up (which is a no brainer). The higher the share price, the more obvious to the lender that SWS can pay the $50M back. Also, SWS would issue less shares in 2004 if (actually when) NITE share price skyrockets. Reason - they would have to sell less shares then to get $50M than if they were to do it now. Stockster

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