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Biotech / Medical : GZTC
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To: kinkblot who wrote (556)9/18/1998 5:40:00 PM
From: Biomaven  Read Replies (1) of 752
 
Will,

I commented on this back in March on the VD thread:

Message 3865529

I continued to hold my few shares because I assumed that the holders would save their short selling for the 20 days prior to first conversion, which hasn't happened yet. On the other hand that may be viewed as manipulation, so maybe they just shorted immediately. The disclosed short interest has climbed some (to 164,000 shares) but not a lot.

I guess I should have stuck by my normal rule of exiting at even a hint of a floorless convertible, although it's not completely clear that it deserves the blame for the decline.

Peter
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