Brady and Jon,
I don't know if ZULU/ESVS is launching a floorless convertible, but if they are then the small investor who is long this stock will lose because that game is not to enhance shareholder value but rather to enhance the pocketbook of those who hold this type of preferred stock.
I posted Zeev's thoughts before the latest PR's because I got the feeling that this could or has happened. Just a feeling, no knowledge. Don't ask me for proof because I don't have any.
Brady, the rebuttal to the rebuttal is good and yes there are always two sides to every story. But, the point is not who can debate this issue, but rather is this type of manuevering being set into place with ZULU/ESVS. Read Zeev's thoughts on this type of deal and see if you think there are parallels in ZULU/ESVS with regard to the new 8KA.
What is this new "Investors Preferred" all about. What are any of the Preferred's all about. Prices are not mentioned explicitly.
One day before the 8kA came out, I spoke with a rep from Sitrick about the merger and the purchase of BRL. I came away from that conversation thinking that a new Internet company was close at hand. Then the next day this new language appeared.
I don't know, it seems there is always something undefined, something not quite clear, something always in a state of flux, etc.
One thing is for sure, the stock price of ZULU is off it's high at a great percentage. It is the AGE OF THE INTERNETS and ZULU is at $.16 or whatever.
Time will surely tell, I am waiting.
Charles
PS: Happy New Year |
