Re: Re:

1. having a call on nick shares, even if it is a highher strike, different time, different terms, woudl leave him in-but out. 2. a tuned version, of the instrument , might want include a put, guaranteed by cash, therefore bankable at 92%. no tax at all.

issue a structured product that gives a small coupon, "? piece of up.? etc

not if its tiny, but looks at least like debt. , put can have definitive time lock- ins or out.s to facilitate whatever you decide.. for example cannot be exercised for --- months. no sale. on issuance possible, , or reverse,

welcome to the world of jazz derivatives

:)

Have to think about how to finance the put. It can be at a lower price than call, but still need 2 billion of credit behind the put.

i billion from the co

You're killing my cash flow if a coupon. Can do strip w piece of ups. Put will also facilitate disguised sale designation.

If we have inditia of debt we could change tax characterization. Is that good or bad for the jews?

difficult to write prescription without the x ray, however the debt can be structured to guarantee the instrument. not directly part of transaction- enabling whatever outcome is desired.

Go to bed! Its too early.

Tom , dr woody Merrill head of alternative medicine is flying to Chicago today. Is it possible that he bums a ride. With you If and only if easy Thnx Sony for all the typos .Sent from my iPhone

No problem with hitchhiker. Etd is 4. I am leaving from Goldman so not sure of precise time. We are leaving from Signature at Teterboro, my office knows the number. Another passenger is leaving from Andaz hotel (41 and 5th). Woody can meet us there or hitch with either of us.