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

To: Zeev Hed who wrote (859)8/23/1999 10:26:00 AM
From: Larry Brubaker  Read Replies (1) | Respond to of 1438
 
Zeev, the NAVR PR says that the conversion price is the greater of the ceiling or the market price. That makes absolutely no sense to me.



To: Zeev Hed who wrote (859)8/23/1999 1:58:00 PM
From: Gerald Walls  Read Replies (1) | Respond to of 1438
 
I think that the ceiling is around $9 plus or a little more, so they may run it above that before it get hit.

Nice call. High for the day so far: 9-3/8.


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