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To: Jonathan Bird who wrote (8912)3/12/1998 1:46:00 PM
From: Frodo Baxter  Read Replies (1) | Respond to of 11057
 
You're right, it hasn't been filed, so I don't know the details. However, most of these agreements have "change in control" clauses that protect debtors. So they usually have the option of asking for 10x% of principal plus accrued interest. And if the buyout is above their conversion, they can just convert, as conversion restrictions usually get lifted.



To: Jonathan Bird who wrote (8912)3/12/1998 3:11:00 PM
From: steve goldman  Read Replies (2) | Respond to of 11057
 
Remember that the buyer will also have the CASH that was raised in the debts.

Regards,
Steve


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