PKGP (Packaging Plus) Message Board

STOCKTALK

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.

Microcap & Penny Stocks : PKGP (Packaging Plus)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dexx who wrote (1357)	5/13/1998 8:00:00 PM
From: Richard Mazzarella	Read Replies (1) of 4783

dexx, that may be the best scenario. The worst is that the debenture holders short the stock (sell what they borrowed). That drives the price down. They then use the cash they got for the short to do the conversion at lower cost, they then sell what they converted to drive the price down even more, convert more, sell more, then when the stock is close to zero cover. If they happen to get the company to fail, they don't have to cover or pay capital gains tax. That's what we call floorless. Neat work if you can get it. No wonder it's illegal in the US.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next