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Non-Tech : Ashton Technology (ASTN) -- Ignore unavailable to you. Want to Upgrade?


To: TENNET who wrote (2365)8/19/1999 1:17:00 PM
From: Larry Brubaker  Read Replies (1) | Respond to of 4443
 
Unfortunately, this type of financing is often toxic. It could well be a floorless convertible. "subject to certain adjustments based upon the future market price of Ashton's common stock."

This usually means the conversion price adjusts lower if the price of the stock goes lower. Need to see the full details once ASTN issues an SEC filing, but this does not look good.