SI
SI
discoversearch

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.
Pastimes : Reg. S. Alert!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Zeev Hed who wrote (22)8/7/1999 10:08:00 PM
From: Puck  Read Replies (2) of 60
 
I've read a handful of filings detailing the nature of floorless or supposedly floored variable convertible debentures issued by several companies I inspected as potential trade candidates. They were Reg. S issuances and waived the borrower's right to resolve disputes with the lender in court and instead compelled arbitration. In all of the filings I've read detailing the nature of variable convertible debenture issuances, there was always a clause stating that the lender had essentially agreed not to short the borrowers stock without the borrower's permission. Nonetheless the stock prices still nose-dived in correlation with the terms of the debentures regarding its conversion. As Mr. Jens Tingleff stated ironically, "Nice of them to agree." :))
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News