Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Kelton who wrote (334)	3/17/1999 6:30:00 PM
From: Zeev Hed	Read Replies (1) of 1438

Kelton, yes, the Nasdaq imposes such a limit, but, the shareholders can vote this limitation out (recent votes, VLNC, TTRIF and few others) and most often than not, management tells them they have no choice but to vote those limitations out or the company will not have access to that capital. Zeev

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