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Strategies & Market Trends : Biotech/Tech Stocks with alot of Cash/Equity -- Ignore unavailable to you. Want to Upgrade?


To: scaram(o)uche who wrote (9)5/11/2000 4:45:00 PM
From: dalroi  Respond to of 18
 
Rick
here i go again on the convert :-)

"VPHM (cash in bank is a loan, but $1/share over price)
correct BUT
convert is trading at 30-40%
soo
if vphm bougt back its convert
>60 — of the cash in the bank becomes real cash and they dont hve to pay intrest on it

convert has 7% intrest
so they buy the entire convert back for 5 years interest

nice deal

cheers

Stefaan