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To: Zakattack who wrote (5981)2/2/1998 5:44:00 PM
From: N/E PATSFAN  Respond to of 9262
 
[ KKRO ]

Looks like holders of the converts have been converting @ this depressed level and the company wants to do something to prevent furthur conversion/dilution.

biz.yahoo.com

>>Although there can be no assurance that these discussions will lead to a transaction, the Company announced it is in preliminary discussions with Cappello Capital Corp. regarding restructuring alternatives with respect to the conversion of its existing adjustable convertible preferred stock.<<

Carl might have more to add ... he's been following this one more than I.

Regards, NEPF