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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: StockDung who wrote (1851)12/8/1998 10:06:00 PM
From: shane hartman  Read Replies (3) of 27722
 
>I would be more worried about the convertible shareholders that
>converted there stock and shorted to lock in gains. Stock is highly
>diluted leaving the current shareholders holding the bag. I will be
>praying for you tonight before I go to bed..

I have heard this about other convertible issues. Why short instead of just selling? Is it because they short before they can convert to stock and then they cover when they can convert?
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