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


To: David Sirk who wrote (622)7/10/1999 3:14:00 PM
From: RockyBalboa  Read Replies (1) | Respond to of 1438
 
No.

because the MEDICAL people had other deals coming in so they needed the cash fast. ... I, as a CEO won't struck a convertible deal, but pledge assets, and arrange a 'normal' LIBOR+3 bridge loan. Period.

News, huge PR etc. to push the stock are a useful tool to sell stock into a buying frenzy.