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.
Strategies & Market Trends : Three Amigos Stock Thread
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ken W who wrote (27501)12/11/2001 2:04:39 PM
From: Ken W  Read Replies (1) of 29382
 
This is exactly why I don't like convertible financing of any kind:

THDO's filing shows they took their money from Promethean. Here is J.J. Cramer talking about a Promethean and financing converts through them:
"There is only one problem. The Muffin (as we all call this stock on the trading desks) hasn't disclosed who is giving it the $50 million. What if it is Promethean, the serial killer of investors, the one that likes to short the common stock into oblivion as a way to hedge out the risk? What if it is Promethean, and Promethean sells $50 million worth of MFNX short right now, right here? What if it is Promethean, and you are betting that the common stock goes up because you don't know that it is Promethean? Then you would be a sucker."

"Maybe you don't know Promethean. It is a lender of last resort. It likes to short the common as a hedge against the note it takes. Nothing wrong with that, if you are stupid enough to take the money. Something very wrong with that if you speculate on the common."
"If you know that Promethean is investing in Metromedia, you have to walk, not run, from this stock, even if it is only at a dollar. Almost no one survives an injection of capital from Promethean. It is like an injection of arsenic.... Promethean is indeed the lender and the deal will be toxic."
thestreet.com

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

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News