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To: Art Bechhoefer who wrote (21360)12/20/2001 11:11:02 PM
From: Zeev Hed  Read Replies (1) | Respond to of 60323
 
Art, I don't think that the raising of cash should be alarming, the cash raising door got opened, and it is good financial planning to raise "cheap" cash, even if not needed right now, rather than when needed, raise expensive or even toxic cash. If I understood correctly the conversion is at $18.43/share, still more than twice book and the interest rate is 4.5%, certainly not "punitive".

Zeev