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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?

To: Dr. John M. de Castro who wrote (478)	6/16/1999 10:22:00 AM
From: Rajiv	Read Replies (1) \| Respond to of 1438

"The investors have agreed not to enter into certain short sales of the company's common stock for a period of 300 days from the closing date." The investors have an incentive to finish the conversion during the 300 day period. If they short through offshore accounts, it is almost impossible for anyone to prove it. We can only speculate if they will short the stock or not. Usually these stocks drop a lot and people naturally conclude that the drop has been engineered by the convert-holders. I could not borrow TMSR.. Regards. Rajiv