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Gold/Mining/Energy : TVX Gold -- Ignore unavailable to you. Want to Upgrade?

To: Edmund Lee who wrote (798)	3/28/2001 7:54:32 PM
From: Box-By-The-Riviera™	Respond to of 905

excellent point!

To: Edmund Lee who wrote (798)	3/29/2001 12:29:27 PM
From: russwinter	Read Replies (1) \| Respond to of 905

Is the deal with bond holders involve the NYSE listing or the $1 minimum. Kinross has an NYSE listing and has traded below a buck for some time. ca.finance.yahoo.com

To: Edmund Lee who wrote (798)	3/29/2001 1:00:30 PM
From: LLCF	Read Replies (1) \| Respond to of 905

So this is sort of a 'back door' toxic bond... ie. it doesn't have the 'anytime' exercise feature however it does appear to have the 'spiral strike price' where the bonds can get exercised at a price based on 'value' not an exercise price that is set?? This is very interesting, although in my experience the damage normally done by "toxics" is due to the holders of the bonds being actively involved in shorting the stock down to get a lower conversion [more shares]... this doesn't seem to be the case here??? Who hold the bond, individuals or freaking GOLDMAN??? Thanks in advance to anyone following. dAK

To: Edmund Lee who wrote (798)	3/29/2001 9:01:54 PM
From: baystock	Respond to of 905

<<The conversion price would be no less than a dollar. There is a deal with the bondholders that TVX must maintain NYSE listing and $1 is the min requirement.>> Your logic here is absurd. No company can guarantee their stock price. Yes if they may have made an obligation to maintain their NYSE listing, this will mean another reverse split to raise it over $1, if it stays under a $1 for more than 30 days. Remember the bonds were issued in 1997 and they have already had one 5 for 1 reverse split so as to maintain there NYSE listing.