Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Fred Puppet who wrote (265)	2/19/1999 12:04:00 AM
From: surelock	Read Replies (2) of 1438

Fred, Very impressive analysis of ICCSA. With so little revenue, and what appears to be a hopeless product, I am inclined to think of this company more as a shell. With the low number of shares currently outstanding, I don't understand why current management would not be looking to try and merge with a "real" company, which would inject this dog with money, a business, and, most importantly, utilize the $15 million in losses on the books to shelter any future gains. Probably a very unlikely scenario, but that is my only hesitation in shorting it. Of course, once the floorless gets approved, it's game over. SH

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