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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (1057)	11/21/1999 7:10:00 PM
From: lindend	Respond to of 1438

Zeev, Thanks as always for your analysis.

To: Zeev Hed who wrote (1057)	11/21/1999 7:41:00 PM
From: Roger A. Babb	Respond to of 1438

Zeev, here is a new twist.....a floorless warrant! See NEOT biz.yahoo.com

To: Zeev Hed who wrote (1057)	12/23/1999 1:37:00 PM
From: Kailash	Read Replies (1) \| Respond to of 1438

Zeev - What's your take on CVOL? This looks like a floorless, but the company still seems to have a chance to turn around: Friday December 17, 4:16 pm Eastern Time Company Press Release Covol Technologies Inc. Completes Funding of September Financing Agreement LEHI, Utah--(BUSINESS WIRE)--Dec. 17, 1999--Covol Technologies Inc., (NASDAQ:CVOL - news), Friday announced that DH Financial L.C. has agreed to fund the final $1.5 million of financing as provided under the September 1999 financing previously disclosed. These proceeds will be used for additional working capital as Covol completes the timely sale of its remaining synthetic fuel facilities. This funding has similar terms and conditions as the September financing. The financing provides for a 10 percent placement fee. The debentures are convertible at the lesser of market rates at closing, which was Dec. 7, 1999, or market rates at the time of conversion. Warrants equal to 40 percent of the shares issuable under the debenture were issued with an exercise price of 120 percent of market rates at closing. The company can redeem these outstanding debentures at 125 percent of face value prior to their conversion. The debentures are convertible after Jan. 21, 2000. Covol has assigned royalties to be received from a licensed synthetic fuel facility as collateral for the financing. biz.yahoo.com Kailash