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Biotech / Medical : Xenova (XNVA) -- Ignore unavailable to you. Want to Upgrade?

To: Robohogs who wrote (140)8/5/2005 10:55:33 AM
From: billgates5043  Read Replies (1) | Respond to of 173
 
What's wrong with the return in buying the ADRs today 70 cents, tendering for notes which could be worth $1.10 in 2 years or switched for tradable securities with a 15% coupon - I've done a lot worse. Not sure of the tax implications but it seems to me that the increase in value from 70 cents to $1.10 could be considered a deferred capital gain while interest income could similarly be deferred until actually received.


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