Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: F. Lynn who wrote (475)	6/16/1999 8:54:00 AM
From: Zeev Hed	of 1438

F. Lynn, review the saga of EXSO, there was a case where the floorless did just that, the same with Hayes. The case you cite might have been straight warrants at a fixed price, and if the shorting was above the strike margin would be required, but not more that what would cover the warrants conversions. Sometime warrants have expiration, and they may have been caught in such a problem, I do not know the details. Zeev

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