Floorless Preferred Stock/Debenture 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 : Floorless Preferred Stock/Debenture

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ChrisJP who wrote (137)	10/11/1998 10:16:00 AM
From: Zeev Hed	Read Replies (1) of 1438

Chris, the deal has been "in the making" for more than a year. Having been involved with such deals in the past, the company knows quite early in the game what kind of upfront payment, if any, are to be expected. It is my guess (based on business experience and no knowledge of the specific RNTK situation) that the deal did not involve upfront payments sufficient to support RNTK's burn rate. If the deal would have had such upfront payments, RNTK would not have issued the floorless and the option to double up. RNTK has to survive until cash flow is generated from TX and other deals, and I am afraid to say, it will be on the back of the share holders. Expect to see sub $.5 shares again before next spring in RNTK. Just one person's opinion. Zeev

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next