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Technology Stocks : Zitel-ZITL What's Happening -- Ignore unavailable to you. Want to Upgrade?

To: Dave Mansfield who wrote (16907)	7/28/1998 7:44:00 PM
From: Michael	Read Replies (1) \| Respond to of 18263

From Zit 10-k <<On May 22, 1997, the Company issued $25 million principal amount of 5% Convertible Subordinated Debentures (the "Debentures")>> From Zit new loss release <<Mr. King concluded, ''Subsequent to the end of the quarter, the remaining outstanding $5,985,000 of the $27.8 million Subordinated Convertible Debentures converted to common stock. These conversions improved the debt-to-equity ratio to 1.2:1.0. This coupled with the Company's cash and working capital position provides a strong Balance Sheet for the Company's future.''> What is King talking about!!!!!!!! King does not (and whole Zit staff) know the correct amount of Convertible Debentures. Pathetic to say the least Your friend, michael