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To: Hammer- who wrote (29245)5/27/1999 5:34:00 PM
From: Ditchdigger  Read Replies (1) | Respond to of 44908
 
Hammer, it would appear the PP holders can about do what they want..
.165 bid,,PP holders can now convert at .1155,,,guess this is why they associate Floorless convertible placements with a "death spiral"
$5.2 mm..now converts to 45 MILLION shares..



To: Hammer- who wrote (29245)5/27/1999 5:36:00 PM
From: Ditchdigger  Respond to of 44908
 
What happens if the PP holders can convert below .10, another registration statement? DD



To: Hammer- who wrote (29245)5/27/1999 6:41:00 PM
From: The Swordsman  Respond to of 44908
 
This pudding could turn out to be spoiled.

SC


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