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Post# of 704044
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Zeev Hed

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Zeev Hed

Re: Alex G post# 136581

Friday, 08/01/2003 10:31:06 AM

Friday, August 01, 2003 10:31:06 AM

Post# of 704044
No their debt was converted to stock, and when they run out of cash they have an "angel" getting them cash often convertible to stock at the then prevailing market price, not exactly a floorless, but not exactly a solid source of equity either (similar to Berg's support for VLNC, a benevolent floorless?)

AZH

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