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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: semi_infinite who wrote (16833)8/8/1999 2:28:00 PM
From: Charlie Smith  Read Replies (1) | Respond to of 21342
 
Ray:

I've brought up the converts several times, including a month ago. Everybody ignores them, at their peril, IMO.

Message 10373882

Charlie



To: semi_infinite who wrote (16833)8/9/1999 9:03:00 AM
From: Harry J.  Read Replies (1) | Respond to of 21342
 
Ray - What do they mean by "floorless" over there? As I recall, the WSTL debentures do have a floor (a reset price of $4.4604) as well as a limitation of a sort on the number of shares than can be issued in that, at least without shareholder approval, the debenture-holders can't get shares aggregating more than 20% of outstanding common stock.
Regards,
Harry


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