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To: Thomas Kirwin who wrote (541)2/21/1998 11:49:00 PM
From: scope  Read Replies (1) | Respond to of 802
 
Since there is not a fixed conversion price, the holders of the convertibles will like to exercise as close to zero as possible in order to get more shares for their money. In order to do so, they have to force the common lower either by shorting or by other means.These kinds of financial instruments have practically destroyed many small companies lately.