QXL

sharemonster

get real man. Thats a disclaimer that exists WITH ALL share placements/offerings/rights issues etc etc. Its a formality.

You are really clutching at very thin straws sharemonster.

There is no hiding the fact - if QXL cant cough up £15m by 2005 (which seems highly probable that they wont be able to - they are only expected to break even in 2004 so they need to get £15m within 12 months thereafter), CSFB will convert the £15m bonds into a lot of QXL stock (thats an understament) causing heavy dilution.