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Technology Stocks : Turbodyne Technologies Inc. (TRBDF)
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To: Papillon who wrote (3106)4/16/1999 10:34:00 PM
From: Mark Marcellus  Read Replies (1) of 3458
 
This situation reminds me of when I played football in high school. I got into a little trouble with the law and the hard-nosed coach kicked me down to FIFTH string, kind of like Turbo getting kicked all the way down to the pink sheets

I guess that's an okay analogy, but the toxic convertible adds an extra twist. The coach (i.e. the toxic convertible holder) places a bet against your team at the same time he kicks you down to fifth string. That way, he wins no matter what happens.

FWIW,

Mark
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