BTW, re: this call for certs issue. A little food for thought.
I believe it was Joe Coppia, who I admire greatly, who once said that when he hears a company ask the shareholders to call their certs, he runs from that company. When I first read that, I wondered why. I think I know.
In my previous post, I said that a company could automatically get all certs called by doing a reverse,name/cusip change, dividend. Now, if the company could do this so easily(and the most painless way would be the name/cusip change), why would they ask the shareholders to do it?
Just a thought, but perhaps when companies ask shareholders to call their certs, they're just looking for a quick way to pump the stock price temporarily due to the runup that occurs do to anticipation of a short squeeze. At which point, perhaps, just perhaps, they could kinda sorta issue some shares maybe just maybe into the float? Do you think some companies might just try something like that? Naaaah!! But maybe.
Anybody care to comment on that?
TG |
