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To: Zeev Hed who wrote (20650)1/16/1999 11:28:00 AM
From: Ian@SI  Respond to of 25960
 
Zeev,

In a quick scan of the amended prospectus a couple days ago, it looked like a small percentage of notes held by Morgan Standard were being registered.

My guess is that the notes are highly illiquid, and in order to raise cash, one of Morgan Stanley's customers decided to convert (at $47/share) in prep for a potential sale. Why, we'll never know.

I may misnamed the broker involved.

Ian.



To: Zeev Hed who wrote (20650)1/16/1999 11:37:00 AM
From: orkrious  Respond to of 25960
 
Zeev, re

but what do I know?

More than I do about a great many things.

Jay