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Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?


To: aknahow who wrote (10694)7/8/1999 11:02:00 PM
From: Biomaven  Read Replies (1) | Respond to of 17367
 
george,

The convertible converts into common at a 60% premium to the market for the common at the time the convert was sold. So it was convertible at around $6 +

In that case, I wouldn't think there would be any credit to earnings. I think you would need a purchase at a premium to the market price at the time of conversion for this to happen.

Peter