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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Lhn5 who wrote (1168)11/21/1999 12:01:00 PM
From: lindend  Read Replies (1) | Respond to of 2484
 
Larry,

Excellent question. There are myriad types of floorless convertibles. The type you describe are truly nasty, but it is not a requirement for an increasing number of shares to be exercisable when the price is depressed (although helpful).

I will ask Zeev to comment on these financing agreements. Whatever he says on it will be authoritative.