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Whiplash_Investor

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Whiplash_Investor

Re: None

Wednesday, 02/23/2011 2:37:29 PM

Wednesday, February 23, 2011 2:37:29 PM

Post# of 593
Warrants (TWSRF) are due to expire near the end of March, 2011. I sent an email to TSEM today asking if there was any consideration to extending them and here was the answer below...

Dear Mr. XXXXXXX –

Your email was forwarded to me for reply. Unfortunately, we are not in a position to extend the maturity of the warrants to which you refer. The warrants were issued in a public offering that defined the terms and conditions of those securities. We are unable unilaterally to change key terms of the warrants.


Regards,


Allen R. Grogan
Senior Vice President and Chief Legal Officer
Jazz Semiconductor, Inc.
Telephone (949) 435-8626
Fax (949) 315-3811

In the absence of that which is not, that which is, is not.

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