BFT: Will the tulip craze ever break down? 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 : BFT: Will the tulip craze ever break down?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kip518 who wrote (196)	3/27/1998 6:37:00 PM
From: Pancho Villa	Read Replies (1) of 650

Kip: They are registering with the SEC the two types of securities that they have authorized, their common and preferred stock (notice that there is no preferred stock outstanding). If you see a copy of the BS (Balance Sheet from now on!) in the Stockholders equity portion you will see the different types of equity sevurities authorized. As for the reason, my guess is that they probably had not registered the preferred with the SEC before. They already said they are coming out with a common sotck offering unless they want to play the creative games someone asked me about at Roger's this morning (read my post). In the case of BFIT I would have to stretch my imagination for someone giving substantial value to long term warrants that may be attached to an offer of preferred stock. Bottom line I would ignore this filling. Pancho securities Preferred stock, $.10 par value; 10,000,000 shares authorized; none issued-- Series A Junior Participating; 300,000 shares authorized; none issued

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next