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: Zeev Hed who wrote (1036)	11/17/1999 2:42:00 PM
From: Gator II	Read Replies (1) of 1438

Zeev...a voice from the past. It appears GENZ is buying out the floorless convertible security holders of GZTC for a 15% premium. GENZ is parent and 33%+ owner of GZTC's common. Interesting patterns from time floorless was put in place until today. Convertible holder should be out of picture unless they take the stock thus having huge overhang of stock for sale. Would appreciate your thoughts on what is apparently a fairly rare occasion and what may have precipitated GENZ's action at this time. It would seem the timing may coincide with GZTC perhaps being about to receive FDA approval of a drug they have winding through the various clinical phases. GatorII

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next