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To: KeepItSimple who wrote (58274)5/25/1999 7:49:00 AM
From: tonyt  Respond to of 164684
 
>Glenn, it will be interesting to see how long the bondholders wait until they try
>and take back the $billions in debt that Amazon has raised.

And what makes you think that most of the bondholders didn't convert and sell three weeks ago?



To: KeepItSimple who wrote (58274)5/25/1999 8:15:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Do you think they're going to sit around and watch Bezos spend their money, or do you
think they're going to be searching AT THIS MOMENT for any example of
misrepresentation made by Bezos or Covey so they can declare the bond contracts null
and void?


All the risk warnings were in the 10Ks, 10Qs and the prospectuses for the bonds, etc. The bondholders have to live with the risk they took.

I do not know what rights the bond holder have regarding the business use of the funds if any.

Glenn



To: KeepItSimple who wrote (58274)5/25/1999 1:41:00 PM
From: MSI  Respond to of 164684
 
Sophisticated bondholders, which were most or all of them, could have shorted the stock to lock in profits when it reached conversion price. If so, they're happy now in any case.


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