SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Jan Crawley who wrote (71671)8/3/1999 10:28:00 PM
From: Michael Young  Read Replies (2) | Respond to of 164684
 
<<Of course that they will make a killing if the stock goes to ZERO. But if the stock bounce back to $156 or above later this year, then they get Nothing>>

Wrong. The convertible is designed to allow them to participate in much of the upside - over $200.

It is a win, win for them. It is a loser for AMZN that they have no chance of forcing a conversion any time soon. They will now have to make semi annual interest payments of approximately $28 million. Pretty damn bad for a company that is bleeding money already.

MIKE



To: Jan Crawley who wrote (71671)8/3/1999 10:32:00 PM
From: Lizzie Tudor  Read Replies (2) | Respond to of 164684
 
I agree with you Jan. I know the situation Michael is describing, the classic Reg-S death spiral where there is no hope for a recovery so nobody ever covers. The problem is Amzn is not in a death spiral.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News