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Strategies & Market Trends : Floorless Preferred Stock/Debenture
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To: Dave K who wrote (107)10/9/1998 9:25:00 AM
From: Bruce A. Thompson   of 1438
 
Dave,

I believe the management (if not intimately involved) either doesn't realize or has their head in the sand. The bankers and market makers make their $$ on the trades not on the stock value. Management is usually as desperate as any other who would borrow from a loan shark.

Bruce
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