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 (1374)	2/22/2002 11:23:49 AM
From: Roger A. Babb	Read Replies (1) of 1438

Zeev, we have now discovered that both Enron and AES had hidden floorless debt, did this by using unregistered shares to guaranty debt and then potentially having to issue huge numbers of shares as their stock price plummets. My guess is that there are many other companies out there with hidden floorless situations. How can we dig out this info before the death spiral begins?

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