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TEX

11/29/06 11:21 AM

#137050 RE: Investorman #137012

"The only "price reset" that can occur is if a stock split (either forward or reverse) takes place and then it is not done by the company. "

so what does this refer to?

"reset pricing. The purchase price of the common stock or the conversion price of a convertible security is set either (i) at closing or (ii) on a specified date after closing and is subject to adjustment (downward or upward) based on various criteria that can include fundamental performance (operational reset), a specified event (event-driven reset), or the stock price of the issuer at a given point in time after closing (threshold price reset). "

from: http://www.dealflowmedia.com/publications/pipes-glossary.html

Thanks,
Tex