Bryan,
The "deaf and dumb" guy as you say. I've responded to your comments because you've been wasting everyone's time "spamming" - mindless repetitive posts, mixed with gobs of poorly researched mis-information. Here's one example.
You Wrote:
"There are convertible debt shares but thats another matter and not a concern"
Huh? Not a concern? Debentures investors are typically not your highest risk investors. Contrary to another of your foolish statements:
"Only a fool would convert to shares at the first chance and thats not the nature of a debt offering."
Approximately 40% of the 13 million have already converted - 1.725 million in the first 90 days conversion was possible, 1.25 million in the 45 days that followed. By converting and selling their shares they get a 15% return just like that - Bingo. Why - because they can convert at a 15% discount to the market. Not only that, they can use a trailing bid price for conversion. If they converted the first day or two of the recent stock run they get a conversion price averaging the previous five days bid. Not a bad deal, and history tells us they have been converting regularly.
Expect the debenture holders to hit the market with their stock as soon as it converts. So, when does it convert? (still not concerned Bryan?) Well 2.2 million has been available to convert since October 14th, all at 85% of the five day trailing bid price. Those shares could be hitting the market right now. Then 1.17 million of stock will be available to hit the market every month for about 6 1/2 months beginning in March. Gee Bryan, even being "deaf and dumb" as you say, I figured that out, and, it does concern me. Apparently you know something this "deaf and dumb" guy, as you say, does not know. Please help me out, fill me in.
Finally one more thing Bryan. You posted this:
"This will be my last response to you because you obviously have your head up you know where."
Come on Bryan, we're all adults here. You can say it. Ass right? That's a good one Bryan, thanks for pointing it out. BTW keep up the good work.
Cheers Steve |
