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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: biffpincus who wrote (6790)	7/29/1999 11:16:00 PM
From: dwight martin	Read Replies (1) \| Respond to of 10081

What I thought I heard was that the agreement btw GM and the moneyman is that the company has a "put right" (a right to sell) which the company may exercise under certain conditions and at certain times, compelling the investor to buy the stock (obviously, at a discount). If that is correct, then the continued exercise from time to time of these "put rights" is probably contingent on upward movement in the stock to a defined threshold (I'm guessing here). Nobody is going to allow themselves to be frog-marched onto a sinking boat. Anyone have the same or a different take??