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


To: Zeev Hed who wrote (1331)11/3/2001 1:25:05 PM
From: Dale Baker  Respond to of 1438
 
They are clearly borrowing from loan sharks, but it is an interesting set of "protections" aimed at circumventing the usual floorless process.

I am thinking about shorting them anyway based on general valuation and their recourse to bandit financing. But I wouldn't expect this deal to take them to penny stock status like most other floorless deals.