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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?


To: jerryriti who wrote (9349)6/19/1999 1:59:00 PM
From: Michael Olds  Read Replies (1) | Respond to of 17679
 
With the closing price average for June at 6/19/99 of 3.79464
$1,500,000 converts to 386651 shares
One sixteenth less converts to 392982 shares, 6331 additional shares

At the high close for the year of 6.125, the value of the conversion today would be: $2,368,239 (that's 157.88% over the face value).
The value of an additional 6331 shares would be: $38778.19 (an additional 2.59%)