SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel -- Ignore unavailable to you. Want to Upgrade?


To: Terry Jackson who wrote (1246)2/19/1998 11:18:00 AM
From: Zeev Hed  Read Replies (1) | Respond to of 14347
 
Terry, a floorless instrument can be one of many convertible financial instruments, either convertible debt, or convertible preferred stock (like the RNTK) situation, in which the conversion rate to stock is determined by the (usually the bid) average closing price during a predetermined period prior to conversion (5 days here). The choice of the instrument is often guided by taxation consideration.

Zeev