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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (66375)	8/18/1999 2:50:00 PM
From: Mike McFarland	Respond to of 132070

In general, converts can be sold on their own So there would be market makers for convertible preffered shares as well--unless they've never traded, which in my situation seems to be the case. These shares are privately held, apparently by some sort of a hedge fund--Brown and Simpson. It is not too big a deal, the toxic keeps downward pressure on my stock, but I either get stopped out or I don't. In the meantime, I just want to be sure I have a clear picture of the whole situation. I guess I did know that there was a formula--I keep forgeting about the bad stuff, putting it out of mind: It was something like the average of the four lowest bids in the last four weeks preceeding conversion. Thanks Michael.