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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: 10K a day who wrote (40248)	2/14/2000 8:21:00 AM
From: Zeev Hed	Respond to of 99985

impristine, I think the now is due to few factors, the first one is that you always want to be able to say that cash on hand is sufficient to run operations for 12 months, at their recent loss rates, that would not have been the case. Furthermore, AMZN was just bouncing (to about $85 if memory serves) from their double bottom low at $60, that would have fixed a better initial conversion rate than later? I also wonder if the holders of the first batch do not have a clause of getting in on any deal better then theirs (conversion at $78?) and thus the importance to fix the conversion rate above $78? Zeev