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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (20080)	3/27/2000 5:49:00 PM
From: IceShark	Read Replies (1) \| Respond to of 42523

The key will be what kind of rate they can get on a new convert or if they can manage to float some common stock. They need more cash for line upgrades and maybe bring Lehi on line. At this point in the maniac run issuing brand new common would look attractive. Real attractive. If it is agreed that they need more cash, I can't see why they would force conversion unless they know this price level is totally bogus and about to collapse so catastrophically that they would be back under 70 bucks, or so. A new convert to replace the old one would have a huge conversion price and probably cost them more in interest rate.