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Strategies & Market Trends : Floorless Preferred Stock/Debenture
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To: Larry Brubaker who wrote (1011)10/23/1999 2:07:00 PM
From: Bosco   of 1438
 
G'day all - I was looking at GMGC. After so many false starts, I think its latest reincarnation into a wireless/net [can't find more buzz than that] may be real. Additionally, I notice SNE recently dumped some [if not all] of its position. That could even be a good contrarian indicator GMGC has reached a bottom. Unfortunately, when I check its latest 10Q, there seem to be a lot of Prefers floating around. The verbiage on Prefer D looks awfully close to floorless. Any opinion? TIA

best, Bosco
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