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Microcap & Penny Stocks : IELSF-Flight to Fortune Or? -- Ignore unavailable to you. Want to Upgrade?

To: hcm1943 who wrote (310)7/25/1998 1:31:00 PM
From: Zeev Hed  Respond to of 520
 
hcm, thanks for the info. It seems to me that this instrument is similar to the one that was constructed for TTRIF last August, it was a $26 MM line of credit that the company could draw on monthly or as required, and convertible at a discount to the then prevailing market price of the common. If your information is correct, this is a floorless instrument, and in view of that, I will definitely stay on the sidelines. TTRIF stock went from above 2 to about 17/32 with a similar funding mechanism. I do not think that here the "damage" will be that great, because the issue is much smaller relative to current capitalization, but it will provide a constant supply of equity to satisfy any demand that might materialize in the near future due to positive developments in the company. Just my 2 cents.

Zeev



To: hcm1943 who wrote (310)7/27/1998 8:08:00 PM
From: SAF  Read Replies (1) | Respond to of 520
 
This FINANCING is GREAT for IEL, but as a shareholder, I'm
not dancing in the streets. So, if this is so damn good for
us, when is your prediction as to when we see $3.00 again.

Thanks for your insight,

SAF


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