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.

Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: global who wrote (12719)	4/15/1999 10:54:00 PM
From: StockHawk	Read Replies (1) \| Respond to of 56537

ABTX - press release - perhaps this stock will become a daytrader again. HENDERSON, Nev.--(BUSINESS WIRE)--April 15, 1999--Richard Budd, chairman and chief executive officer, AgriBioTech Inc. ("ABT") (Nasdaq/NM:ABTX), announced this week that the company intends to pay off the subordinated convertible debentures sold in late December 1998 and early January 1999 ("sub-debt") in full with cash to prevent a resetting of the amount of shares into which this debt can be converted ("reset of this debt"). "Based on our current sales, cash-flow estimates and discussions we have had with our banks, we intend to pay off the holders of these debentures in cash so as to prevent any reset of this debt," said Budd. He added, "Given current strong demand for our products, we believe that a significant portion of that debt will be paid with internally generated cash."