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: Zeev Hed who wrote (1150)	4/9/2000 3:07:00 PM
From: Ed Ajootian	of 1438

Z-Man, How goes it? Been a long time. There are 2 floorless situations that I'd like to bring to your attention to see what you think: 1) Queen Sand Resources (QSRI). They issued "repricing rights" to various parties in the past and these have kept the stock price down in spite of very positive drilling results and increases to the price of natural gas. Do you think such positive developments could ever overcome this horific overhang? 2) Meridian Resources (TMR). They gave a "make-whole" provision to Shell when they bought some properties from Shell a coupla years ago, and gave some convertible preferred stock. This will result in TMR having to fork over about $25 on June 30 plus similar amounts in each of the next few years unless the stock price recovers. Since they're about to sell >$100 M of properties this problem would not seem to be too bad, but the market is still spooked. Would be interested in your thoughts. Ed

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next