SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: russwinter who wrote (637)8/19/2001 8:44:54 PM
From: The Barracudaâ„¢  Read Replies (1) of 922
 
IMO, BGI has sold converts, which allow the owner of the converts to short BGI risk free. If BGI runs, the owner of the converts only has to exercise. If howver, BGI runs and then craters, the shorter has cleaned up. BGI assures me that the owners of these converts would never do something like that. What babes in the woods.

I am not sure but I think that the convert owners have the right to short, excuse me, convert, over 2,000.000 sh.

For some reason, I remember 30 cents as being the key number.

But what the heck, If BGI has the goods, no amount of shorting will make a diff and the convert owners will only get the interest.

Who are the convert owners??

ASL
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext