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

To: redwood who wrote (925)9/2/1999 1:33:00 AM
From: Larry Brubaker  Read Replies (1) | Respond to of 1438
 
redwood, thanks for the update. I was hoping it would get a bit above $9 which appears to be a strong top, but no such luck.

It is now trading close to support at $7. If it breaks below $7, I may jump aboard.



To: redwood who wrote (925)9/4/1999 2:51:00 AM
From: Larry Brubaker  Read Replies (1) | Respond to of 1438
 
Redwood, there is a statement in the WSTL floorless deal that says the "market price conversion" can only be imposed under certain conditions. But I was unable to find these conditions before my eyes glazed over. Do you know what conditions allow for a market price conversion, and when the window for the market price conversion opens?


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