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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: F. Lynn who wrote (475)6/16/1999 7:54:00 AM
From: Rajiv  Read Replies (1) of 1438
 
TMSR announced a 6 MM convertible yesterday. It raised 4 MM deal in Jan 99 which can also become a floorless if the stock goes below $16 after the registration becomes effective (TMSR will give adjustment shares guaranteeing a minimum return of 12.5%)

Link to the s-3/A (for the Jan financing)
edgar-online.com

Link to yesterday's press release -
biz.yahoo.com

Regards.
Rajiv
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