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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Timelord who wrote (511)6/26/1999 10:35:00 PM
From: Greg Hull  Read Replies (3) of 1438
 
Timelord,

<<These were able to avoid the worst by buying the floorless back, or in the case of HEC, negotiating an extension:

ANCR
bigcharts.com;

Are you sure that Ancor (ANCR) bought back the floorless convertible preferred offerings? I follow ANCR pretty closely and I am unaware of such a buy back. The preferred shareholders ceased their conversions early this year, resulting in the rise demonstrated in your link. I would be most interested in seeing documentation of such a buy back.

Thank you,
Greg
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