Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Mama Bear who wrote (614)	7/10/1999 2:25:00 PM
From: David Sirk	Read Replies (1) of 1438

Correct me if I'm wrong on this folks. From what I have seen on these Floorless CD's, they are usually issued with poor terms to companies that have failed to institute there Business plan. The shakyer the Company the more sooner you would be able to convert. Correct? So if you had a growing start up with a need for some timely cash infusion and you were able to negotiate a 5 year Floorless CD deal with a one year conversion restriction this could be a case were such a deal could be a WIN WIN for both parties. Am I right or in denile?

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