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

To: kimberley who wrote (26545)11/15/1997 9:08:00 PM
From: Bob Markley  Read Replies (1) | Respond to of 35569
 
<< If indeed the convertibles are redeemable at 125% of last weeks price, >>

Kim,

... convertible at 125% of say 5 day price is the right of the note holder to convert to shares; redeemable is the right of the company to force conversion at 125% to shares, if they deem so, we have to see the terms to see if restrictions on the redemption or conversion.

Best always,
Bob



To: kimberley who wrote (26545)11/16/1997 1:27:00 AM
From: Bob Jagow  Read Replies (2) | Respond to of 35569
 
Kim,
the convertibles would [on Monday] be redeemable at 125% of last weeks
price.

<blush>


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