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To: jjs64 who wrote (10)	8/15/1998 1:19:00 PM
From: Zeev Hed	Read Replies (2) of 47

Joe, here are some floorless I have been following lately, HEC, they have two floorless for $50 MM, and a "remote floorless" of $85 MM becoming floorless in 2002, with a ceiling at $6.5/share. RNTK has a "leaking floorless", this is a convertible preferred of about $10 MM that the company can draw on every time they run out of cash, they have already drawn $2 MM out of this. TTRIF apparently just finished its own one year "leaking floorless". By the way, we have another thread on SI dedicated to "floorless", just do a search on "floorless" in the title. Zeev

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