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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: Benkea who wrote (1625)	8/18/1998 10:17:00 PM
From: Roger B Finlen	Respond to of 3627

this is the kicker, 12% ain't free Cd "generally" guarentees, trust securities will be worth 50, but that is the deal, you buy , with new money CD common, or Trust securities will be sold to buy you the common. questions??

To: Benkea who wrote (1625)	8/18/1998 10:35:00 PM
From: Roger B Finlen	Respond to of 3627

If you don't pay up $50, MORE for shares at conv rate, Trust Securities are sold to complete contract.There are words as to what "trust securities" will be worth. I believe CD says they guar, 50 for trust securities, I think !!????? they ARe saying, your 50 + what you paid for common, will get you 50 dollars worth of common, at conv rates, plus Trust security. no additional 50, they WILL sell Trust secutity at ??, i thing 50 and buy you common, and that is all the Trust Secirity will be sold and you will own common. No Trust security.