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

To: Gerald Walls who wrote (746)7/20/1999 11:22:00 AM
From: David Penfield  Read Replies (1) | Respond to of 1438
 
That's why they call it a death spiral! VLNC and UOLP are two that are unfolding right now.

That ain't much of a restriction, considering that the lower the stock drops the more they can convert to.



To: Gerald Walls who wrote (746)7/21/1999 1:04:00 AM
From: Larry Brubaker  Read Replies (1) | Respond to of 1438
 
<<That ain't much of a restriction, considering that the lower the stock drops the more they can convert to.>>

That's the way I read it.


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