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To: John Finley who wrote (258)	3/21/2002 11:25:36 AM
From: John Finley	Respond to of 330

$2.8B eh? Thanks to seamoss58 (CMOS <g>) on Yahoo! for this Electronic News OLED story: e-insite.net JF

To: John Finley who wrote (258)	3/21/2002 12:34:37 PM
From: The Ox	Read Replies (1) \| Respond to of 330

You need to look up the specific terms INVI accepted for the debentures to understand the implications. Here's a generic description: What are debentures? A debenture is a document that is issued as evidence of the terms of a loan made to a company, although there is no set legal definition of the term. According to section 735 of the Companies Act, the term includes "debenture stock, bonds and other securities of a company whether constituting a charge on the assets of a company or not". Debentures are normally issued under the company's seal and make provisions for the repayment of a loan on a particular date, and interest payments to be made to the debenture holder at specified intervals. In addition debentures create a form of security to the lender, entitling them to certain rights if the company does not meet its payments. Types of debenture include: Income debenture The company's repayment terms depend on its earning sufficient profits Irredeemable debenture Which may only be redeemed if the company is wound up or if there's a breach of a condition of its issue Registered debenture In which the lender is entered in the register of debenture holders available for inspection by debenture holders and others Bearer debenture Similar to a registered debenture but is stated to be payable to bearer