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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Jagow who wrote (26518)	11/16/1997 12:23:00 AM
From: Brander	Read Replies (3) \| Respond to of 35569

Bob, in answer to "How could it be other than the price on the day of conversion, Brad?": The price the conversion is based on is not always the price of the stock that day. It is usually more complicated. For example, I have a convertible note that can be converted to shares of a corp I am an officer of. In my case, the conversion rate is applied to the average share price over the last 6 months, and there is a formula they use to calculate the aver stock price. Details, details. I'm going to call the company on Monday to see if I can find out more. Brad