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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?

To: Greg Hull who wrote (521)	6/26/1999 10:50:00 PM
From: Timelord	Respond to of 1438

ANCR - <<I follow ANCR pretty closely and I am unaware of such a buy back. The preferred shareholders ceased their conversions early this year, resulting in the rise demonstrated in your link.>> Greg, That is probably correct and I apologize for the misinformation. It was hard to trace the histories of every single one of these issues. Thanks for the correction. Alex

To: Greg Hull who wrote (521)	6/26/1999 11:15:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 1438

Greg, I just looked at the recent 10Q of ANCR, the total debt left is $200,000 (LTD including 110 K payable this year and 95 K later), there are no preferred stock outstanding. I presume therefore that the floorless is no longer there, if it was it should have shown on the balance sheet either as preferred convertible stock or convertible debt. They have a little cash nest of about $7 to $8 MM. Zeev