Shorting stocks: Broken stocks - Analysis Message Board

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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

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To: F. Lynn who wrote (950)	3/21/1998 3:06:00 AM
From: dumbmoney	of 2506

<< new ceo has convinced old management and holders of converts to change the strike price on the bonds ... >> True, but dilution is still unlimited because of the discount feature. Plus, the company gave away warrents as a sweetener. I think the convertible holders got a pretty good deal (= bad for shareholders).

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