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Non-Tech : Bill Wexler's Dog Pound
REFR 1.730+10.2%Nov 11 3:57 PM EST
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To: Peter V who wrote (420)3/26/1999 12:57:00 PM
From: Dale Baker  Read Replies (2) of 10293
 
Discount convertible financing is always nice leverage on the short side. Sooner or later it extracts a terrible toll on stocks. Bill's threads are littered with the carcasses to prove it.

But sometimes the patient has a last twist or convulsion. Takes patience. ICCAC is trading at 10, and they have even less chance of ever producing a commercially viable product than VLNC.
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