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To: Dante Sinferno who wrote (969)	4/1/1998 1:16:00 AM
From: chester lee	Respond to of 2506

<<Haven't seen the lowest closing bid in 20 day language before. Anyone else ? >> I've seen something similar. YES Corp. (YESS) did a discounted conversion deal where the terms of the conversion was that the holders of the prefer can flip at a discount based on the 5 lowest consecutive closing prices within a given time-period. This one seems quite similar, except that the 20 days don't have to be consecutive. Chester

To: Dante Sinferno who wrote (969)	4/1/1998 9:31:00 AM
From: Q.	Respond to of 2506

Rob, re. YILD, good find. <<After the satisfaction of certain holding periods, each of the newly issued shares of Series A Preferred Stock is convertible, at the option of the holder, into shares of common stock of the Company based upon a conversion price of $10.8625 per share or if lower, 100% of the market price, defined as the lowest closing bid price during the 20 trading days preceding a conversion. Haven't seen the lowest closing bid in 20 day language before. Anyone else ? >> This deal has a zero percent discount. The use of the lowest closing bid over 20 days rather than an average over a number of days, though, will assure them an attractive conversion price. I've seen something like this once before with a zero percent deal. <<I'm not sure we can expect a more detailed 8K since it is covered in the 10KSB?>> They will have to file a prospectus, either S-3 or SB-2, to register the new common that will be created by conversion, and more details will be there.