A Small Voice In Cyberspace

[Bird of Prey]

Gary the following question has been posed elsewhere concerning Convertible Debentures. Also what would the impact be of Convertible preferred stock being structured like these convertible debentures are? Especially if they are floorless?

do these conv. deb. have a long term strangle hold on the stock? for example, after the CD, XYZ announces funding and each qtr there is an increase of 100% in sales (which would be outstanding for the stock) the stock would still stay the same??? basically, no matter what XYZ does in 2001, their stock price is screwed because of these debs????

birdofprey