Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Kailash who wrote (1132)	2/5/2000 10:12:00 PM
From: Zeev Hed	Read Replies (1) of 1438

Kailash, I do not know the details of this financing, but the conversion premium indicates it is far from being floorless. People think that any new communication company will be like Vodaphone within 15 years of inception, thus the very large premium people are willing to pay. Zeev

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