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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (2305)	3/24/2001 10:24:07 AM
From: Razorbak	Read Replies (1) \| Respond to of 23153

ACTM The short interest increased has continued to increase to 6.6MM shares. Based on the last 10 days trading, it would take over 21 days for the shorts to cover, assuming there were no other buyers and they were 100% of the volume. I suspect about 2MM of the shorts are due to the convertible debentures issued earlier this year. Jim: is the conversion price for these debentures fixed or variable? If it's fixed, do you know the conversion price? It looks like up to 1/3rd of the shorts may be short against the block (using the debentures as collateral which can be delivered to close the short position), so that component isn't naked. The remainder probably is. Any further info you can provide would be greatly appreciated. TIA. Razor