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Microcap & Penny Stocks : PKGP (Packaging Plus)
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To: John S. Baker who wrote (1785)5/16/1998 4:29:00 PM
From: Mr Metals  Read Replies (1) of 4783
 
Possible outcome: Company goes bankrupt and
shares are worthless. Holder of convertible now
has a worthless security which he can write off as
a loss. Plus he has all the money he received for
shorting the shares which he never has to repay.
This is his tax-free. A double-win for the holder of
the floorless convertible.

You must have mental telepathy because that's been on my mind for a few days now:-)

Mr Metals
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