Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (3194)	3/29/1999 8:35:00 PM
From: Madharry	Read Replies (3) \| Respond to of 30916

This is very cute on the part of the company. The company commits to nothing but if any note-holder wishes to tender their shares they must agree to consent to the ammendments. If a majority fail to consent there is no tender. If the consent is agreed to by a majority the company may or may not repurchase the debt depending on how much financing it gets for that purpose. We won't know until April 23, how successful this strategem is. Probably depends on how many big investors are out there. Can the company call the notes? If so at what price?