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To: jhild who wrote (2557)	5/19/1998 12:26:00 PM
From: John Chapman	Read Replies (1) \| Respond to of 7491

jhild: Article V, 1.(c)(ii). provides for a 20 day notice prior to reorganization,reclassification,transfer,consolidation,merger, dissolution, liquidation, or winding up. These are records that could happen prior to conversion and thus the notice to holders of the convertibles prior to any such event. It is good to have provisions in case any of these happen. What we need to find out is if there are any criteria to be met by the holders before conversion can be affected or possibly even before payment in convertibles is made. In other words , what does the contract say about this.