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

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To: Dante Sinferno who wrote (969)4/1/1998 1:16:00 AM
From: chester lee   of 2506
 
<<Haven't seen the lowest closing bid in 20 day language before. Anyone else ? >>

I've seen something similar. YES Corp. (YESS) did a discounted conversion deal where the terms of the conversion was that the holders of the prefer can flip at a discount based on the 5 lowest consecutive closing prices within a given time-period.

This one seems quite similar, except that the 20 days don't have to be consecutive.

Chester
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