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

To: Rajiv who wrote (866)	8/24/1999 8:59:00 AM
From: Mr. Jens Tingleff	Respond to of 1438

Yes they do Rajiv - No daytrading group has ever had the power to keep a artificial hyped stock up. Yet, if anything should really seem to go wrong, they start manipulating, they may even start an involuntary bankrupt case against the company. Look at LONE & TK pressreleases re LONE Look at the defendants in this court docket, the you will know which names to avoid :) ( tip - right click on the link and chose open in new window) home.att.net Kr Jens

To: Rajiv who wrote (866)	8/24/1999 9:10:00 AM
From: Mr. Jens Tingleff	Respond to of 1438

Those sinister a''holes do the same with preferred stock: Take these examples of agreements on preferred and debentures: Look at exhibit 99.7 and 99.8 all down in the filing - Then look at how Playnet developed those days (This company had the balls to reveal those documents): sec.gov Kr Jens

To: Rajiv who wrote (866)	8/24/1999 9:14:00 AM
From: Mr. Jens Tingleff	Respond to of 1438

Finally - here is a line of companies that were in contact with Ronald G Williams (select capital and such) - !! I find no other filings with Ronald G Williams mentioned !!! - Look at dates and charts on how those companies suffered from the aquaintance. ragingbull.com Kr Jens

To: Rajiv who wrote (866)	8/24/1999 1:45:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 1438

"Don't you think they are taking substantial risk by playing this game?" Rajiv, these instruments are written so that the floorless issuers are taking very little to no risk. Every one that I have seen has a 'lookback' clause that prevents the sort of risk you have described. The clause usually allows them to convert at a set percentage discount to the lowest bid or the average of the lowest 3 closing bids over the previous x number of days. So if WXYZ is trading at 1/2 for 9 days and suddenly shoots to 10, they have every right to demand delivery of their freshly printed shares at 1/2. Barb