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Non-Tech : Marvel Entertainment (MRV) - Turnaround in Sight! -- Ignore unavailable to you. Want to Upgrade?

To: hoyasaxa who wrote (245)	8/6/1998 11:54:00 AM
From: Martin Wormser	Read Replies (1) \| Respond to of 251

jg, You are correct. We get almost nothing. It is my understanding that we will get some warrants to buy Toy Biz stock. If we really get the 4 year warrants, we have up to 4 years to exercise them at $18.50. So, if the stock is selling for $100 a share we can buy in at $18.50. 100 million shares out, 5 million warrants, a 1 for 20 reverse split for the warrants. I own 1,000 shares so I will have the option to buy 50 shares of Toy Biz for $18.50 for 4 years. This is what I understand from the PR. I could be wrong. We also get 2-6 months warrants. six-month warrants to purchase 4 million TBZ common shares at $12 each (subject to increase based on the issue date of the warrants); six-month warrants to purchase 3 million shares of the 8% Cum. Conv. Exch. Pfd. Stock at price of $10.65 each (subject to increase based on the issue date of the warrants); four-year warrants to purchase 5 million TBZ common shares at $18.50 each; and an interest in the litigation trust.