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Biotech / Medical : Trinity Biotech (TRIBY)

TRIB 0.885

+6.6%

Nov 24 3:59 PM EST

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To: AgAuUSA who wrote (9754)	7/19/1998 10:53:00 PM
From: dowman	Read Replies (1) of 14328

Oh sage, oh wise one. I would point out to you that real companies sell convertible securities that are convertible at a premium to the existing stock price, not at a price that gives the holder the right to convert profitably no matter what happens to the price of the stock. Convertible at a 10% to 22% discount? Think about that. This is investing without any risk to the holder of the bonds. And what that means to me is that they are unable to sell to any "real" investors on terms that are advantageous to either you a shareholder or the company. Why is that if the prospects are so bright? Clueless?... not likely. And oh by the way, I guess that blows the idea of no new dilution as the holders of these instruments always sell. So is that 2 million new shares for dilution?

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