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To: Paul Lee who wrote (67)6/24/1999 8:14:00 PM
From: Timelord  Respond to of 106
 
Actually, the likely scenario is that the company, certainly the stock, and definitely the stockholders, will not do well. Unless they have sufficient cash to buy back the debenture, the outcome is fairly grim regardless of potential, good intentions, or "pending" deals. The floorless death spiral has nothing to due with the due date of the debentures, so there is no safe cushion for the shareholders.

I use this post from Zeev to provide you with some research material. These are all examples of floorless instruments. If you take the time to read through the threads, good times are always just around the corner - and never arrive. The stock charts and SI posts from investors speak for themselves:

206.253.217.14

CTYS
beta.iqc.com
206.253.217.14
206.253.217.14

IELSF
beta.iqc.com
206.253.217.14
206.253.217.14

TTRIF
beta.iqc.com
206.253.217.14
206.253.217.14

NAMX
bigcharts.com

EXSO
bigcharts.com

GATE
bigcharts.com
206.253.217.14

AKSEF
bigcharts.com

HEC
beta.iqc.com
206.253.217.14

RNTK
bigcharts.com
206.253.217.14

RMIL
bigcharts.com

Good luck with your investments.

Alex