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


To: xcr600 who wrote (1307)6/25/2001 6:14:24 AM
From: Dale Baker  Respond to of 1438
 
If IFCI makes it over $5 please post (assuming you are following this story). Looks like a slam dunk short.

This company had so much promise and management has just pissed it all away.....sad.

There are put options in IFCI too.



To: xcr600 who wrote (1307)6/25/2001 9:23:14 AM
From: RockyBalboa  Respond to of 1438
 
Nice find.... total vindication.

:-)



To: xcr600 who wrote (1307)6/25/2001 10:44:35 AM
From: jjs_ynot  Read Replies (1) | Respond to of 1438
 
Although this is floorless, it does appear to cap the number of shares that can be purchased at 509,554.

If I am reading it correctly, then it doesn't fall into the death spiral category.

Nice Catch !!! in any case.