Floorless Preferred Stock/Debenture Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Floorless Preferred Stock/Debenture

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RockyBalboa who wrote (618)	7/10/1999 3:07:00 PM
From: David Sirk	Read Replies (1) of 1438

I don't miss much. But 1.2 million is not huge and I do believe the only reason that CLVE used this form of financing is because the MEDICAL people had other deals coming in so they needed the cash fast. Now remember the CEO of CLVE has been A securities lawyer in NYC for 25 years. Put your self in his shoes for a moment. He has a deal that he can set up where he has a HUGE PR Firm ready to come on board as soon as deals are made that should push the stock to the $2 level and keep it there. He has a deal with GEM to give him the cash he needs RIGHT NOW to close the deal. GEM is restricted from converting any stock right now and when they do convert it will be at a buck and only 1.2 million shares. Seems smart to me. Hay but what do I know?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next