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


To: Zeev Hed who wrote (207)12/8/1998 11:11:00 AM
From: Sir Auric Goldfinger  Respond to of 1438
 
Thanks Zeev, I wasn't sure.



To: Zeev Hed who wrote (207)12/10/1998 9:46:00 AM
From: Bruce A. Thompson  Read Replies (1) | Respond to of 1438
 
Floorless Story of the Year!

Hi Zeev,

Check out this story. The insiders filed to SHORT AGAINST THE BLOCK!

Message 6757166

What a Hoot.

Bruce



To: Zeev Hed who wrote (207)12/26/1998 8:25:00 AM
From: Ditchdigger  Read Replies (1) | Respond to of 1438
 
Morning Zeev..I'm thinking INSI may be a temporarily bottomed out floorless deal...read the proxy and annual report,,may be worth looking at for the nimble..Price down from 7,,around 1 1/16 now up 22%
Thursday.. Lots and lots of negatives IMO,management compensation/perks/loans to officers,convertible preferred,past options,,etc..but the float listed as 1.1mm (I think it has probably blossomed<g>)...would appreciate your opinion..I made a couple of posts on the Yahoo thread outlining some of the negatives,,but there maybe some money to be made if the stock gets ridden long by the evil dark forces....only my opinion,what do you think? DD
biz.yahoo.com
(note: the rigistration statement uses an "assumed value of $2.50" when calculating the number of shares for registration) I think "assumed" means floorless..



To: Zeev Hed who wrote (207)1/1/1999 12:36:00 PM
From: Bagladdy  Read Replies (2) | Respond to of 1438
 
Zeev,

Hello Zeev.

You and I haven't spoken but I have read your posts for several months and enjoy your insight greatly. Although I am not as a sophisticated investor as yourself, I have involved myself with a stock with which I am greatly concerned and ask you for help in discerning their newest 8KA.

The company is Enhanced Services or ESVS. The have been involved in merging with Zulu-Tek or ZULU for a few months (unsuccessfully) and in the process, ESVS became delisted. The SEC is looking at the merger and financial condition of the company, yet as of this date has not ruled.

Even though the SEC has not made their ruling, ESVS put out a PR on December 22nd stating that they had acquired Brandsforless, an online dot com type of company for $35,000,000. So we have a pink sheet company buying an existing company and the enclosed link gives you the terms spelled out in the 8KA.

Message 7049212

If you have the time or inclination to give me your opinion on the terms of this sale, it would help many of us who are invested both in ZULU and ESVS. If not, I understand as time is most precious and I will continue reading your thoughts.

I am going out of town in the next few minutes and will not return until Sunday afternoon.

Thank you for your consideration.

Charles Dallas