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To: Perspective who wrote (23463)	10/2/2000 10:10:37 AM
From: LLCF	Respond to of 436258

cliggott cuts 2001 yr end sp target 1400 from 1450 DAK

To: Perspective who wrote (23463)	10/2/2000 10:15:48 AM
From: Mama Bear	Read Replies (1) \| Respond to of 436258

"After nine months, the preferred stock is convertible at the lower of $17.95 per common share or the market price of the common stock at the time of conversion, subject to a floor." Of course a lot depends on the floor price. But a true 'death spiral' has no floor. Also, it's going to be 9 months before the effects kick in. It is still junk equity financing. Read the 8-k when it comes out for more details. Regards, Barb

To: Perspective who wrote (23463)	10/2/2000 10:18:42 AM
From: LLCF	Respond to of 436258

there is a 'death spiral' thread around somewhere... I could'nt find it searching for 'toxic pref' or 'death spiral'. DAK