Shorting stocks: Broken stocks - Analysis Message Board

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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

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To: RumbleFish who wrote (1834)	10/2/1998 10:38:00 PM
From: RockyBalboa	of 2506

Now, how do call such an instrument in our usual language? << Did you read the same press release I did? The way I read it they're buying an undisclosed number of shares at an undetermined price. Plus they get warrants exercisable at $10.04. >>> Uh oh, " a private sale of shares of common stock and warrants to two institutional investors. The funds will be used for working capital. ..." So, the really keep it simple. Usually a nice conv. bond with a $x million notional is printed out. Here, they directly buy an indefinite number of stocks. They did not forget to garner it with a warrant. "certain conditions" this extremely favorable well known term reminds me on a bunch of S-3s I went through. C. PS.: Now may we call conv. debt or not?

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