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


To: Dale Baker who wrote (1330)11/3/2001 11:48:39 AM
From: Zeev Hed  Read Replies (1) | Respond to of 1438
 
Dale, the point is that if the need the money, they will draw down and they are at the mercy of the floorless bandits. When a company accepts that kind of financing, it is axiomatic that they badly need the money.

Zeev