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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (14337)	10/3/1998 9:40:00 PM
From: chester lee	Read Replies (2) \| Respond to of 18691

Roger, While I agree that the net effect is still the same, "managing" the rate of conversion will severely limit any run-away downside momentum. chester

To: Roger A. Babb who wrote (14337)	10/3/1998 10:31:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 18691

But - a "traditional" convertible floorless or not and an equity backed credit line do have other common requirements. One lies in the necessary registration of stock sales. So it could make sense to issue a "blanket" registration to the credit line providing co., bearing a sufficiently high number of shares to be sold. Then they can exchange and sell shares on each individual drawdown. So we should find an S-3 still, or have I got it wrong? C.