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Non-Tech : Boston Market (BOSTQ) -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (1408)	7/24/1998 1:11:00 AM
From: Fred McCutcheon	Respond to of 1567

Perhaps I have not been clear in stating that my comments relate only to the relative merits of the LYONs vs the others two series (the Christians?). I have no bias long or short on any of the issues per se. Fred McCutcheon

To: Sr K who wrote (1408)	7/24/1998 9:51:00 AM
From: Richard R	Read Replies (1) \| Respond to of 1567

LYON Prospectus is in the BOST Investor Package -- Which is available by ordering thru the BOST web site www.bostonchichen.com. That's the easiest way I know to get the prospectus. It will arrive in your mailbox in about two days. I haven't seen it on EDGAR, but it is probably available on-line somewhere. The LYONs are currently trading at about $65.00 per bond. At an exchange rate of one bond for 8 shares of stock, each bond is worth only $16.00 if converted at today's stock price. From the other point of view, the stock would have to go to $8.00+ per share to make the exchange worthwhile. I suppose the bonds are trading higher than the conversion rate because the bonds rank higher than the stock in a reorganization. And yes, Fred, I understand you are only looking at the relative merits of the different bonds. It's hard to say what advantage, if any, the LYONs may have over the other two. My thinking is that some sort of reorganization will occur BEFORE 6/1/00 and that this will negate any advantage that might accrue to the LYONs ON 6/1/00. Richard