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

To: Larry Brubaker who wrote (841)	8/16/1999 9:18:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 1438

Great site Larry.. Appreciate it!! I have a question for the thread. PTHW apparently just announced a Redeemable Preferred stock placement. I'm not familiar with this style of preferred placement. Any opinions out there? I don't own the stock, but I know someone who does and I'm trying to get the skinny on what its outlook is (he's currently $1/share underwater on his position). Regards, Ron biz.yahoo.com WOODINVILLE, Wash., Aug. 16 /PRNewswire/ -- The Pathways Group, Inc. (Nasdaq: PTHW - news) announced today that it has signed an agreement with Mitchum, Jones and Templeton, an investment bank based in San Francisco, California to raise $6,000,000 through the sale of 600,000 shares of Series A Redeemable Preferred stock. Under the terms of its placement agreement with Mitchum, Jones & Templeton, Pathways received a firm commitment for $3,000,000 of Preferred stock financing and $3,000,000 of additional Preferred Stock financing through a best efforts commitment.