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Microcap & Penny Stocks : ROTI - Harvest Restaurant Group Inc -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (998)	12/29/1998 8:39:00 PM
From: rrufff	Read Replies (1) \| Respond to of 1702

Re ROTIP - I'm also on vacation so I can't pinpoint the exact information but it's been detailed in the past threads and in the SEC publications. To my knowledge, the practical effect of the dividend is to increase the numerator in the fraction that is used to convert ROTIP to ROTI. I think the fraction is 10 plus the unpaid accrued dividend divided by 3.7. So that without dividend one gets 10/3.7 = 2.7 ROTI shares for each ROTIP. With the dividend, the numerator increases and one gets more shares. If no dividend is ever paid, I think your only recourse is to convert. This was a great deal anyway when there was a big spread. Now with more action, probably not worth getting ROTIP. Stick with the common for now. If the deal goes through, ROTI should be past a buck quickly. All IMHO and from memory so don't flame me if I'm wrong. Happy New Year.