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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: George Dawson who wrote (104)10/8/1998 11:09:00 PM
From: xcr600  Read Replies (1) of 1438
 
<< Unfortunately, none of us knew about this mode of financing and how it can destroy the stock price. >>

George, FWIW, don't feel bad. There has been many companies whose management has failed to realize what kind of affect this type of financing would on their company. The founder of Hayes modem had an interesting article written about him. He entered into this type of financing and destroyed his company's equity. I'll see if I can find the link. (I have it as a hard copy now.)

Good luck,
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