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Technology Stocks : AremisSoft Corporation (AREM) -- Ignore unavailable to you. Want to Upgrade?

To: benchpress550 who wrote (507)	7/3/2001 3:37:51 PM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 683

Well, no, actually, only the first ten pages of that chapter talk about recapitalizations, and the examples cited don't particularly resemble AREM's plan. Indeed, the only reason AREM can call it a recapitalization is because they're issuing a trivial amout of class B common to "make change" for holders of odd lots of shares not divisible by 10. Apart from that and the onerous physical exchange clause, this is really nothing more than a glorified stock split. One other thing that just occurred to me: wouldn't a physical exchange of share certificates pretty much obligate a trading halt? And if the stock is halted, how are the shorts supposed to be bought in?