Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable. -- Ignore unavailable to you. Want to Upgrade?

To: DRL who wrote (1847)	4/7/1998 5:05:00 PM
From: Ken98	Read Replies (1) \| Respond to of 2063

CSFB uses a subsidiary called CSFB "Mortgage Capital LLC" for all of its real estate lending. My guess is that they have some sort of similar subsidiary for equity investments. Re. preferred financing, some thoughts. First, in addition to being convertible, preferred shareholders are usually entitled to certain liquidation rights for delinquent preferred dividends. What preferred rights were granted to these holders? They stand in front of common stockholders in liquidation order. Did CSFB entity purchase those shares or was it someone else? Second, what is a "financing package"? It is possible that some part of that "package" was merely the interest payments on the Morgan notes being rolled over again. Again, how much NEW cash was made available to CVUS is the critical question.