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 : International Precious Metals (IPMCF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Richard Mazzarella who wrote (26528)11/15/1997 7:52:00 PM
From: Larry Brubaker  Read Replies (1) of 35569
 
"<<Did AKSEF and EXSO convert at a premium?>> The math made it so."

Richard: I thought with AKSEF, the purchasers converted at a DISCOUNT to the then current share price, not a PREMIUM.

I think this is a very important point, because if you can convert at a discount, you can immediately take a profit by shorting the stock, and then using the converted shares to cover.

I'm not sure it would work the same way if the purchasers have to convert at a premium. The only way I could see an advantage in shorting, if the purchasers have to convert at a premium, is that they could get more shares when they do convert. Still doesn't guarantee a profit, like converting at a discount does.

Maybe I am missing something. Could you explain the math a little better for those of us who are mathematically challenged?
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