Holiday Deal.

IPOs and other stock investments may be on the skids Skids can refer to:

A Zeta Beta Tau fraternity beer pong & pyramid legend from Muhlenberg College in Allentown, PA
Skids (Transformers) is the name of several Transformers characters.

these days, but that didn't stop the Century City law firm of Alschuler Grossman Stein & Kahan LLP LLP - Lower Layer Protocol from playing on the recent market frenzy.

The Alschuler Grossman holiday card is in the format of a private placement announcement, called A "Holiday Deal Memo."

The card goes on to say: "Securities to be Issued: Series 'Happy New Year' Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders.

Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. , Par Value Priceless price·less
adj.
1. Of inestimable worth; invaluable.

2. Highly amusing, absurd, or odd: a priceless remark. ...Terms: Your Commitment to Have a Wonderful New Year."

Proceeds from the stock offering (actually a donation by the firm) will go to a scholarship and mentoring program for disadvantaged L.A.-area students.

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Publication:	Los Angeles Business Journal
Article Type:	Brief Article
Geographic Code:	1USA
Date:	Dec 11, 2000
Words:	106
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