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Microcap & Penny Stocks : The New Corporate Vision Inc. ( CVIA )
CVIA 0.4800.0%Jun 30 5:00 PM EST
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To: Frank Henriquez who wrote (2724)7/29/1999 4:34:00 PM
From: campe  Read Replies (2) of 3596
 
Its a floorless convertible. Basically, when CVIA decides to convert they take the $125,914 certificate and divide by the current price of SHCC to determine how many shares of SHCC they get.

SO...the lower the price of SHCC, the more shares CVIA gets which in turn they can sell on the open market.

Now to speculate...CVIA can make these floorless convertibles available to cover a MM's short. (if one where to exist...)

OR

CVIA can wait for the stock price to run (like SHCC did recently to .25-.35) and short the stock down to, say a dime, convert at a dime, cover their short and keep the difference of .15-.25 per share. That can turn $125K into $500K if done properly a few times.

Of course, KAA is too busy to play these kind of games...<g>
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