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ICG Group, AŞ Message Board

  • djchappe10 djchappe10 Nov 6, 2003 4:27 PM Flag

    I think this is interesing.

    "Average stock price on date of exchanges $0.526."

    I think they did a good job considering what the stock is at now.

    "Shares issued for debt exchanges 58.7 million"

    "Since July 1, 2003, in a number of transactions, the Company exchanged, or entered into agreements to exchange, $73.3 million of its 5.5% convertible notes in exchange for 96.3 million shares of common stock. "

    Do you think some of the people backed out cause there are still 37.6m shares somewhere in contracts? I wonder if those people are pissed!