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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Zeev Hed who wrote (335)4/26/1999 9:48:00 PM
From: Dug  Read Replies (2) of 1438
 
Hi Zeev, this looks like it has a floor but would appreciate a better opinion, so if you get a second & don't mind me posting it on the Wstl thread would you be so kind as to give a brief take on the below. You might keep in mind that there are Class A & B shares prior to the 8k & that a family trust holds the majority of voting shares.

Westell Issues $20 Million Subordinated Convertible Debentures

go2net.newsalert.com

and a little more info here via the 4/20/99 8k.

freeedgar.com

TIA & My Best Regards,

Dug
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