Floorless Preferred Stock/Debenture Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Floorless Preferred Stock/Debenture

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mama Bear who wrote (83)	9/30/1998 11:59:00 PM
From: Dave K	of 1438

Barb, I have to say your note on convertibles is most accurate evaluation I have ever seen. Investors should print this out, enlarge it and hang it up in front of your trading computer: >>> "This is doubtful. To date, every one of these deals I have seen is structured so that the 'investor' has a specific profit locked in, with the potential to make more only if the price falls. To be fair, I could not find the terms of this deal on Edgar. But I have heard these same arguments over and over from hopeful longs, only to see their dreams dashed on the rocks by the reality of the death spiral."<<<< Question: Why have so many investors (including fund managers) been in the dark about the impact of these deals. Why has this form of loan sharking been allowed by the SEC without some form of regulation ? It's the closest thing to legalized larceny around. Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next