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Non-Tech : YSII - Youth Services International -- Ignore unavailable to you. Want to Upgrade?

To: Towntarget who wrote (1)	5/29/1998 8:09:00 AM
From: Steven M. Lulewicz	Read Replies (2) \| Respond to of 15

I agree that it will probably go down further, especially if the debt is converted to stock (4m shares @ $8.00 for instance). Actually, it would be a wise move (by the creditor(s)) to convert that debt into discounted stock. IMO, at some point, when the dust settles, this will rise again like a phoenix. Other than sheer panic, I cannot see a real reason for the over-selling yesterday. Of course there is always the slight possibility that Wall Street has decided they have had enough of high PE's and co's not meeting or exceeding expectations and they chose to start with YSII to begin the overall dreaded market correction (sarcasm). YSII's PE is in the 30ish range which, compared to their industry, is not that bad. I don't know, I'm at a loss for more words on this situation - that's why I started the group. Comments?

To: Towntarget who wrote (1)	5/31/1998 1:27:00 AM
From: CoffeePot	Respond to of 15

Convertible debt isn't due until 2006 @$12.47 per share 7% Convertible Subordinated Debentures During the year ended June 30, 1996, the Company issued 7% Convertible Subordinated Debentures due February 1, 2006, in the principal amount of $37,950,000. Interest is payable semi-annually in arrears. The debentures are convertible into common stock at the rate of one share for each $12.47 of principal. The 7% Convertible Subordinated Debentures may be redeemed at the option of the Company, in whole or in part at any time after February 1, 1999, at a redemption price equal to that percentage of their principal amount set forth below: