DAVID SIRK's VALUE MOMENTUM PLAYS Message Board

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Microcap & Penny Stocks : DAVID SIRK's VALUE MOMENTUM PLAYS

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To: ISOMAN who wrote (4049)	7/9/1999 2:04:00 AM
From: David Sirk	Read Replies (1) of 4828

Another thing! If you read this again The sales agreement with GEM Advisors Inc. is for a term of five years and the stock is convertible at the lesser of $1.00 per share or 65% of the average daily bid price for the five trading days immediately prior to conversion. This tells you that they will either convert at One Dollar or less after 5 years Show where it stares that it is a floorless that can be shorted now! From the limited info that we have it looks like GEM has 5 years to convert at a buck. And if it is not trading at a buck in 5 years they convert 65% of the BID for the last 5 days before the 5 years are up. That is the only info I see. Seems sweet to me. No incentive to Short a stock below a buck for 5 years. Now you read it back to me with YOUR WHACKY interpitation

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