Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Greg Hull who wrote (521)	6/26/1999 11:15:00 PM
From: Zeev Hed	Read Replies (1) of 1438

Greg, I just looked at the recent 10Q of ANCR, the total debt left is $200,000 (LTD including 110 K payable this year and 95 K later), there are no preferred stock outstanding. I presume therefore that the floorless is no longer there, if it was it should have shown on the balance sheet either as preferred convertible stock or convertible debt. They have a little cash nest of about $7 to $8 MM. Zeev

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