SI
SI
discoversearch

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 : IELSF-Flight to Fortune Or?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Zeev Hed who wrote (445)10/29/1998 8:34:00 AM
From: hcm1943  Read Replies (1) of 520
 
Zeev, you are correct, floorless converts are legal although they IMO should not be, it is the method used in selling the underyiing stock that is in question. Shorting stock on downticks, shorting when you have not been able to borrow the security in advance are illegal actions and I assure you not only has it been done to IEL but many other companies whose board is STUPID enough to use this financing method.
I have heard that this financing method is illegal in some countries, but then the SEC is to busy policing the internet in their efforts to proctect people from themselves and to gain publicity for the "great" job they are doing.
As for Swissair, I whole story is not out yet and the problems with IEL started long before the report came out. Also IMO swissair is being overly cautious as inflight entertainment systems have beenin use for years. I'd bet that when all the facts are known the systems will be turned back on
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News