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 (68)	9/16/1998 11:42:00 AM
From: twentyfirstcenturyfox	Read Replies (2) of 1438

Hi Zeev: New one - I'd appreciate your thoughts. ID BOIMEDICAL (NASDAQ-IDBEF) AND (TSE - IDB).See their press release Sept 14 - on Yahoo and other news sites. They issued a class A convert. pref, convertible into common ant any time in the 3 year term with a floating conversion price based on average closing bid prices of the common. Does this meet your definition. Also, the prefs carry a 6% dividend rate. the A's can also require a debenture instead of pref stock prior to the close date of the financing. I'd appreciate any comments. Don.

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