1
 NBI Inc. said 
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that it cannot pay the Oct. 31 dividend on its Series A convertible preferred stock, 
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allowing the stock's holder to convert the shares into as much as 27.7% of NBI's shares outstanding.
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elaboration-additional

4
 NBI said 
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that it has the funds 
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to pay the dividend,
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elaboration-object-attribute-e

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 but that it doesn't have the surplus or profit 
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required under Delaware law for payment of the dividend.
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elaboration-additional

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 All the preferred stock is held by the Yukon Office Supply Stock Ownership Plan.
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 Under terms of the stock, the Yukon ESOP can demand 
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that the stock be redeemed for $4,090,000 on Nov. 30,
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 but NBI said 
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it is legally prohibited from making the redemption. 
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Failure 
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to pay the dividend 
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elaboration-object-attribute-e

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allows Yukon to convert all or some of its shares into NBI common after Nov. 30, at a conversion price 
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based on NBI's closing stock price.
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elaboration-additional

18
 NBI, a maker of word-processing systems, said 
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it can't predict 
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attribution

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if any of the preferred stock will be converted.
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21
 NBI also said 
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it has hired Prudential-Bache Securities Inc. as its financial adviser and investment banker
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 to help it restructure financially
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List

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 and improve its balance sheet.
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List

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Contrast

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multinuc
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Contrast

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concession

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Same-Unit

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multinuc
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Same-Unit

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elaboration-additional

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multinuc
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purpose

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elaboration-additional

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elaboration-additional

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elaboration-additional

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elaboration-additional

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