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To: Ditchdigger who wrote (15949)1/28/1999 3:05:00 PM
From: Andrew H  Read Replies (1) | Respond to of 44908
 
Read it again. There is nothing in what you printed that talks about a discount rate of 65%. It merely lays out the terms of the conversion. YOU decided to call that a 65% discount rate, but that is incorrect. If they are paying 65% of the stock price, they are getting a 35% discount to the market price.


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