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Non-Tech : IMAX 3D-the wave of the future -- Ignore unavailable to you. Want to Upgrade?

To: brad who wrote (50)	3/22/1998 3:10:00 AM
From: JAMES BORECKI	Read Replies (1) \| Respond to of 170

<< in near future i would expect a reaction to base and then further upside>> Brad, what do think is base? I've missed two opportunities to add to my portfolio. I would like to get one more shot at it. JimB

To: brad who wrote (50)	3/22/1998 6:50:00 PM
From: IA	Read Replies (1) \| Respond to of 170

Hi, Do you know how ticket sales are going for Everest ? S&P also upgraded IMAX debt to BB- from b+ on Senior unsecured debt and corporate credit rating. Subordinated debt raised to B from B-. Incidentally there are convertible debentures out on Imax, which might be a more conservative way on investing in this company IMO. They are priced in US $ and have a 5.75% coupon rate. Conversion per bond is $21.41 or 46.7071 shares per $1000.00. Convertible until 4/1/2003. They last traded at around $1420.00 giving a conversion price into stock of $30.40. I believe there are currently callable by the company. IA