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Zeev Hed

08/01/03 10:31 AM

#136584 RE: Alex G #136581

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?)