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


To: BDR who wrote (548)7/4/1999 4:52:00 PM
From: Zeev Hed  Read Replies (3) | Respond to of 1438
 
Dale, no doubt about it, the first and third look like "leaky floorless", namely, the company can draw on the line of credit, and the lender goes into the market and short against the block. Two case histories are TTRIF and RNTK.

Zeev



To: BDR who wrote (548)7/9/1999 11:25:00 AM
From: BDR  Respond to of 1438
 
BDE back over 5.