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

To: Mark Ivan who wrote (1148)4/2/2000 2:49:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 1438
 
Mark, if rights are issued as a dividend, you would be responsible for providing them to the long holder, just as you would be responsible for a cash dividend. Rights offerings are not uncommon. They even have a special 5th letter if the company chooses to issue them as a separate security. If MDWY chose to do that, the ticker symbol would be MDWYR. If you box MDWY, you will end up boxed on the rights as well.

Regards,

Barb



To: Mark Ivan who wrote (1148)4/2/2000 3:17:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 1438
 
Mark, it is the same kind of deal that WFR did last year (from the short read).Public holders can dilution by the majority holder if they are willing to ante up more money. These rights usually are short lived, so I do not see a great hedging opportunity.

Zeev


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