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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc.
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To: jjs64 who wrote (1949)7/31/2000 12:19:39 AM
From: s-words  Read Replies (1) of 2484
 
<<if they are hedged then they are short LUMM anyway, and would profit from any price decline, plus they would get the benefit of LUMM's defaulting, so that their conversion price becomes .001>>

What kind of benefit is it to convert at .001 if the shares are worthless?

In this scenario the warrants are worthless as well.

What's also being assumed here is that taking a short position can drive the stock price to wherever they want it...not necessarily the case.
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