Canadian-under $3.00 Stock-Picking Challenge Message Board

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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: Rocket Red who wrote (9499)	9/23/2002 8:33:17 PM
From: The Barracuda™	Read Replies (1) of 11802

Red what the insiders can do with that convert is to short the tho shares risk free and collect interest. Also, are the terms of the convet such that a number of shares will be converted at the then stock price to satisfy the loan? If so, what happens if THO price drops to one cent? How many shares of THO would have to be issued to satisfy the debt? What if there is reverse split of tho and the shares drop? How many shares would be isssued to cover the debt? what would that do to the current share holders % ownership? Ans: they'd be diluted out of the company.

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