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Microcap & Penny Stocks : PLCO Internet collectables, childrens toys...etc
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To: Baton who wrote (716)8/29/1999 1:19:00 AM
From: chalu2  Read Replies (1) of 1296
 
I think the flaw in your reasoning is that if the P's are at $5 when you convert, the common will at that point likely properly reflect the conversion ratio--the common would therefore more likely be at 85 cents (1/6 of $5) than at $3, as you're assuming.
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