Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Zeev Hed who wrote (1135)	2/10/2000 9:23:00 AM
From: Mike Maxton	Read Replies (1) of 1438

Secure Computing (SCUR) just filed an 8k, including new financing. Short sells are allowed (up to the number of shares of convertible common), "investors" are Cayman Island residents. Still reading it, doesn't look to be floorless, but I'm not as experienced in these documents as I would like to be. I did find it interesting that they had filed a registration statement for financing back in October, filed a cancellation statement yesterday, with this new 8k. SCUR has gotten a nice pop in it's stock price the last couple of days, with concerns about the "denial of service" hacking going on. But this company has done nothing but lose money, and I have doubts that this new financing is a good thing. mike maxton

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