Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Zeev Hed who wrote (179)	11/22/1998 5:30:00 PM
From: Ed Ajootian	of 1438

Z-Man, Wondering if you or anyone else here has ever looked at Pease Oil & Gas (WPOG). They looked to be in a classic floorless preferred death spiral but recently I've seen some bullish comments on the Yahoo board and I'm trying to figure out how this situation could possibly get salvaged. There was some huge volume in the stock last week and I understand it was mostly buying, even though the price barely budged. I took a small position in this stock @ just under $3 and am now looking at a huge loss. If I thought this puppy had a fighting chance I'd average down. Although I still disagree with you re: the impact of HEC's floorless, I highly respect your opinions on floorless securities as they apply to the microcap companies.

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