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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: allen menglin chen who wrote (50716)	1/27/2000 1:48:00 PM
From: Land Shark	Read Replies (1) \| Respond to of 122087

Floorless is an indicator that the company can't get decent financing. $20 stock? What have you been smoking?

To: allen menglin chen who wrote (50716)	1/27/2000 7:07:00 PM
From: RockyBalboa	Respond to of 122087

Maybe, you ask Zeev Hed about the true nature of a floorless issue....and how the mechanics are. For your interest, presently, VASO is in floorless mode, because the applicable conversion price is beyond the ceiling, $2.08. It is 1.23/32 (2 1/32, the closing bid * 85%). Do the math. The effect would be off if the price rises ahead of $2 7/16 (the ceiling, 2.08 divided by 85% == 2.4470) Hence it pays off big time to short vast numbers of the stock, because the lower the price, the bigger the no of shares the holder of the preferreds receives on conversion. The cert is good enough as collateral. It is important to short ahead, or very near to the ceiling. Additionally they can short additional shares as many as the warrant is good for, and then call the sweetener warrant. Otherwise VASO is a $20 stock...floorless covert won't be flooless if VASO keeps moving up -- it becomes floorless only if VASO keeps drifting down. No. Not at this time. If they stock has been used up, so no more preferreds are left maybe then...