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Pastimes : Reg. S. Alert! -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (22)	8/7/1999 9:58:00 PM
From: HairBall	Read Replies (1) \| Respond to of 60

Zeev Hed: Well, I was unaware either thread existed until this one hit the Hot List...I bookmarked them both! Keep up the good work folks... Regards, LG

To: Zeev Hed who wrote (22)	8/7/1999 10:08:00 PM
From: Puck	Read Replies (2) \| Respond to of 60

I've read a handful of filings detailing the nature of floorless or supposedly floored variable convertible debentures issued by several companies I inspected as potential trade candidates. They were Reg. S issuances and waived the borrower's right to resolve disputes with the lender in court and instead compelled arbitration. In all of the filings I've read detailing the nature of variable convertible debenture issuances, there was always a clause stating that the lender had essentially agreed not to short the borrowers stock without the borrower's permission. Nonetheless the stock prices still nose-dived in correlation with the terms of the debentures regarding its conversion. As Mr. Jens Tingleff stated ironically, "Nice of them to agree." :))