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 (109)	10/9/1998 3:50:00 PM
From: Dave K	Read Replies (2) of 1438

Zeev and Bruce, >It is just a "new form" of the old Reg S that the SEC managed to > stem, this one is legal under the current system and the SEC is > blind to its effects. YES ! Exactly. These L.P. and Hedge folks (the Debt buyers) are always just one step ahead of the rest. Someone suggested looking inside the L.P. to see if the company's management and directors are also a partner in the L.P. or sit on the board. > I believe the management (if not intimately involved) either doesn't > realize or has their head in the sand. Bruce, I can see some of them (managers/CEOs) being totally out of touch with the securities world but the ones I've talked to are pretty stock savvy. I'm also going to follow the award of ISOs as these are published. With the stock price devastated, seems the company now has a chance to award options at a bargain basement prices. Hey, there's no need to re-price those old options anymore, just cancel the old and issue new ones ! Pity no one has started a Convertible Death Spiral Floorless Debenture mutual fund. Then we can all participate. Dave

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