CellularVision (CVUS): 2-way LMDS wireless cable. Message Board

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Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable.

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To: Alex Pilosov who wrote (1907)	4/16/1998 2:15:00 PM
From: NeverRight	Read Replies (1) of 2063

Most of the owners have the stocks held at brokers. The brokers make extra money by taking the shares and lending them out. The owners have already given permission in signing the account opening form. There won't be any shortage of stock to lend. I'm out today for a sizeable loss. What I don't understand about a floorless convertible is how the holder makes money? Sorry just figured it out. He sells the stock short until it's worth didley, converts to common at the didley price and pays back the shares he borrowed. Coool! Must be nice to have the kind of money to pull it off.

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