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To: Bryon Bothun who wrote (7956)8/12/1998 3:49:00 PM
From: CMS27  Respond to of 10479
 
CSFB has the right to sell the stock and can do so without registration under rule 144. Below is from the SEC doc and spells this out. It doesn't say rule 144, but where it says "or is exepmt from registration" could be a rule 144 transfer.

Scott

9.MISCELLANEOUS.

(a) Transfer of Preferred Shares. A Holder may sell or transfer all or any
portion of the Preferred Shares to any person or entity as long as such sale or
transfer is the subject of an effective registration statement under the
Securities Act or is exempt from registration thereunder and otherwise is made
in accordance with the terms of the Securities Purchase Agreement.



To: Bryon Bothun who wrote (7956)8/12/1998 3:49:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 10479
 
Bryon, that is why I pointed out that they could sell the preferred. There is no way of knowing that CSFB still owns the series C or not. I think that's what you're overlooking.

Barb