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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: wrm1 who wrote (11228)	5/27/1999 12:21:00 PM
From: gabor boda	Read Replies (1) \| Respond to of 12468

It appears that we are in a life and death struggle with the shorters. No matter what the news, they are intent on driving the stock price down. I still believe that if we survive above the 42 5/8 closing mark thru next Thursday, we will have won the war. If, if, if.

To: wrm1 who wrote (11228)	5/27/1999 6:08:00 PM
From: DavesM	Read Replies (2) \| Respond to of 12468

O.K. I have been very confused regarding reading postings that stock price needing to be > $40 for 20 days to convert notes to stock and also reading that stock price had to be > $+42 for 30 days to convert notes to stock. So let's see if I got this right. 1. Series A preferred Stock and warrants (4 million shares and 1.6 million warrants) earns %6 annual dividend matures Feb 11, 2002. Warrants are exercisable at $25/share (company may call warrants AFTER Feb 11,2000, if Common stock price exceedes $40 on each of previous 20 trading days). 2. 1995 Debt Placement ($225M private placement)14% Senior Discount Notes Due 2005 and Convertable Senior Subordinated Discount Notes Due 2005. Both securities accrue interest at 14% per annum, with no interest payable during the FIRST FIVE years, and principal payable only at maturity in OCT 2005. The Convertable Notes will AUTOMATICALLY convert during the initial five-year period if the market price of the Company's common stock exceeds certain levels for thirty consecutive trading days, ranging from $37.50/share the first year to $44/share in the fifth year. Have I got it right?