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To: Buster who wrote (4172)2/26/1998 2:07:00 PM
From: TraderGreg  Read Replies (1) | Respond to of 27968
 
I read that as someone gave the company a line of credit for a piece of the company.

Then you are saying that the Company gave up shares for the right to borrow money? My Series 7 person, who ought to know, says it represents collateralized lending of money.

Who in their right mind would give up shares for the right to borrow? Ridiculous. They might as well float paper...slowly.

TG