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Well, I keep getting told it was a lesson learned! HA...that little lesson, cost more than all of my college X3. I didn't want a lesson, I wanted $12 a share and a 6:1 share divy....IS THAT TOO MUCH TO ASK!! I just can't believe I got cond by a REDNECK!!
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Oh and Btw: you know how you go through emotional stages when a dramatic event happens in your life....well I'm to the ANGRY stage...First was denial, then I went to foolish disbelief and now I'm at ANGRY! It's a healing process! I have a feeling FORGIVENESS will take awhile!
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You whats bad ??? When you call the SEC in Atlanta and get Alana Blacks voice mail . The first thing out of her mouth is if you are calling in reguards to Conversion Solutions ........
-------------------- ----- Game Over -----
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Check out the latest post from Rufus...not sure what it means......I only can show you the link because it has a picture in it & it won't show up....
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Bottom line here is that 450m euros were made available at 6 1/8%, underwritten by Lehman Brothers. The coupons were sold in 1000 euro increments making a total of 450,000 coupons, presumably owned in large blocks by institutional investors or otherwise deep pockets. All 450,000 coupons that have been freely trading since 2000 are due to mature on 3/23/07. On that date the entire 450m euro principal and approx 27m euro in interest will be paid to the holders of the coupons at that time.
None of this means much unless CSHD somehow owns a large number of coupons or will somehow benefit from the liquid funds coming available. Should that be the case, on 3/23/07 CSHD's bank account could potentially look very different. I guess we'll know more as that date approaches.
I'm not remotely a bond expert, so this is more of a question.
Don't the coups represent the interest payable to the bond owner, with the full bond maturity of 450m euros being full paid to the owner of record at maturity?
quote:Originally posted by humble: Bottom line here is that 450m euros were made available at 6 1/8%, underwritten by Lehman Brothers. The coupons were sold in 1000 euro increments making a total of 450,000 coupons, presumably owned in large blocks by institutional investors or otherwise deep pockets. All 450,000 coupons that have been freely trading since 2000 are due to mature on 3/23/07. On that date the entire 450m euro principal and approx 27m euro in interest will be paid to the holders of the coupons at that time.
None of this means much unless CSHD somehow owns a large number of coupons or will somehow benefit from the liquid funds coming available. Should that be the case, on 3/23/07 CSHD's bank account could potentially look very different. I guess we'll know more as that date approaches.