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To: mishedlo who wrote (209592)	12/14/2002 2:04:52 AM
From: stomper	Read Replies (1) \| Respond to of 436258

Typically the only time you'll see a floorless is with the BB shit...that is the death spiral kis was referring to. Not sure I've ever seen it with a legit stock. It is as guaranteed as you can possibly get within the "equity" markets and you don't by any stretch have to be a name to get in on them. You do have to have some good cash up front though cuz it's usually a pretty tight offer. You'll have to set up an overseas account to do the shorting, and you'll be dealin with people you wouldn't exactly want to bring home to Mom, but it's do-able. -dave

To: mishedlo who wrote (209592)	12/14/2002 3:07:53 AM
From: BigMoney	Respond to of 436258

no guarantee on regular convertible bonds. had this real long explanation almost finished but realized it was getting too complicated and i was getting tired, so here's a list of links to other people who have done the work already: how to make a guaranteed sum of money by shorting stock against a floorless convertible (only works if the price of the stock is falling, if it doubles after your first short, you're screwed): Message 5368910 the seedy side of floorless converts: Message 17889100 hope that helps.