Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Larry Brubaker who wrote (1009)	10/13/1999 9:44:00 PM
From: LLCF	Read Replies (1) of 1438

< 5% clauses seem to be thrown into these deals as a means of evading any requirement for the bandits to report their buying and selling transactions to the SEC.> Interesting... I guess I don't understand why someone would do that... ie. if they didn't want to report, they just wouldn't go over 5%... I would never willfully limit my options, however I suppose that's just me. Thanks for the info. dAK

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