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Gold/Mining/Energy : Altair Nanotechnologies
ALTI 4.680-7.3%Jan 6 3:58 PM EST

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To: Rajiv who wrote (217)2/12/1998 9:51:00 PM
From: IngotWeTrust   of 603
 
That was a fabulously succint explanation. Too bad it'll fall on deaf ears!

They didn't believe me when I posted the Barron's article in its entirety about said floorless convertible offerings, vis a vis Reg S from 1/97 Barrons.

Seems the only way folks learn about floorless convertibles is being beaten to death by being long one.

If folks who might be tempted to listen would like to see a chart representation of what happens to a price in a floorless convertible, I'd suggest they go back in this thread, dig up that post and pull up the price action charts in the 5 or 6 stx listed by Barrons as primo examples.

Them who hath ears, let'em hear!

O/49r
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