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Indeed, containment of the spill was at first delayed by Ogoni youths, who put the demand to the assesment team that visited Ogoniland. The team included two commissioners of the Rivers State government, as well as a member of the Rivers State House of Assembly. Other members of the team were Shell's site engineers and experts from Boots and Coots, the American oil well company. Last December, engineers from Boots and Coots helped stop a similar flow from a Shell well in Delta State, after it was vandalised by unknown persons.

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$16.75 million of those proceeds were used to redeem the Companys redeemable preferred stock. The significant changes to the September 30, 2004 balance sheet as a result of the initial public offering include the cash and marketable securities balance increasing to $30.9 million, the redemption of the redeemable preferred stock for $16.75 million, and the convertible preferred stock converting to 5, 634, 131 shares of common stock.

Banc Of America Investment March 28, 2003 HOUSTON, March 28 /PRNewswire-FirstCall/ -- Boots & Coots International Well Control, Inc. (Amex: WEL) announced today that its Subordinated Lender, The Prudential Insurance Company of America ("Prudential"), has converted 83,231 shares of 97,240 total shares of Boots & Coots Series G Cumulative Convertible Preferred Stock ("Series G") into 12,062,462 shares of the Company's Common Stock. The converted Series G consisted of the original 80,000 shares issued at a $100 face value, along with dividends which were paid in kind of 3,231 shares. Prudential is the only holder of Series G.Prudential originally received the Series G as a component of the restructuring in December 2000 of its aggregate debt of approximately $41 million. In connection with the restructuring, Boots & Coots issued $8 million of the Series G which carried a dividend rate of ten percent per annum, compounded semi-annually. Under the terms of the Series G, the dividend payments were paid in kind through December 1, 2002. Since that time, Boots & Coots has been accruing a cash dividend on the Series G.

Under the terms of the transaction, which is scheduled to close by June 1, 2007, MacroPort shareholders will receive ten million shares of Migo Common Stock and $2.5 Million of Senior Convertible Preferred Shares that, upon certain conditions, will convert to 12, 500, 000 Migo Common Shares. Additionally, based upon future performance, the MacroPort shareholders could receive up to a maximum of $3.0 million of additional compensation, payable in a combination of cash and common stock.

Banking Investment Boots & Coots Chairman Kirk Krist said, "Although we did not take part in Prudential's decision making process, the conversion of this preferred stock is a significant step in our financial restructuring initiatives. We continue to make efforts to restructure our balance sheet and focus on the opportunities inherent in an increasingly active market sector. The net effect of this conversion will result in a savings of cash dividends of approximately $665,000 for the year ending 2003 and approximately $832,310 for subsequent years. While management progresses forward in its restructuring initiatives, the Company continues to focus on its ability to deliver critical services to customers globally."

Most landlords prefer long leases up to 15 years as generally the longer the lease the higher the value of the landlord's investment.

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Assume you write an XYZ July 50 call at a premium of 4 covered by 100 shares of xyz stock which you bought at $50 per share. additional income from your investments. In this example, a $4 per share premium represents an 8% yield on your $50 per share stock investment.

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