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To: Yogi - Paul who wrote (6347)	5/12/1999 10:12:00 PM
From: Frodo Baxter	Read Replies (2) \| Respond to of 9256

>Also under the agreement, the Company will exchange 6.0 million shares of newly-issued common stock for $24 million principal amount of the Company's 7% Convertible Subordinated Debentures. The Company will retire the 7% Convertible Subordinated Debentures which it will receive in the exchange. Hmmm. Let's see. 6 million shares at approximately 3 per is $18 million dollars. This is 75% of par. Last I checked, this is more than twice what the bonds were trading at! How do I get a sweet deal like this? Live long and prosper.