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


To: Zeev Hed who wrote (1245)11/10/2000 3:40:39 PM
From: FRANK ROSSI  Read Replies (1) | Respond to of 1438
 
TO ALL,

I have a question and would like some help . A co. issued pfd shares that can be converted into common at a certain price . The PFD were issued to the investor because the investor paid down debt for the co.

The common shares when issued will give the investor a large stake in the co.

Is this good or bad for the co. and it's stockholders ?

THANK YOU IN ADVANCE FOR ALL YOUR HELP

FRANK