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: Dug who wrote (384)	4/26/1999 9:57:00 PM
From: Zeev Hed	Read Replies (1) of 1438

Dug, one really needs to look at the details of this deal, it has Castle Creek in and they did a "strange" floorless with VLNC (which they partially then removed the floorless feature on). The key is: In certain cases, the conversion price is subject to adjustment at twelve and twenty-four months after closing and in certain circumstances, the debentures may be convertible at market price. you got to find out what are those certain cases. In VLNC it was a "Material order" what is it here? I'll try and see if I can dig the 8k and the appropriate s-3. Zeev Zeev

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next