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

To: LTK007 who wrote (197)	12/5/1998 9:05:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 1438

<What is quickest way for me,by reading a filing,identify the presence of floorless convertibles(toxic convertibles) > Ola Max, look at the conversion terms. If there is a ratio based on the stock price as opposed to fixed terms. Convertibles based on the stock price, encourage manipulation. The lower the price of the stock, the more shares the debenture holder will get. That's for openers. There's also a difference between the domestic version and the offshore debentures. Amigo Sergio