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Microcap & Penny Stocks : JAWS Technologies - NASDAQ (NM):JAWZ -- Ignore unavailable to you. Want to Upgrade?


To: justaninvestor who wrote (2120)5/3/1999 12:02:00 PM
From: grantsi  Respond to of 3086
 
So when is this stock going to make us rich



To: justaninvestor who wrote (2120)5/3/1999 1:34:00 PM
From: eric deaver  Read Replies (1) | Respond to of 3086
 
Barrie:

You say:

"This time when we phone TK to draw down some money, the price is based on the average of the previous 3 days of trading"

Which to me still sounds like a floorless convertible.

The PR says:

"Specifically, Thomson Kernaghan has agreed to provide us with a $5 million credit facility with much improved terms and conditions including: first, a fixed conversion price;"

Which does not sound like a floorless convertible.

I am confused here. While the terms are a little bit better, it still looks like floorless to me.

Eric