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Gold/Mining/Energy : CMYN -- Ignore unavailable to you. Want to Upgrade?

To: T.Bill who wrote (523)	4/1/1998 10:51:00 AM
From: Triffin	Read Replies (2) \| Respond to of 811

Please don't quote me but I think we're on the hook here..a holder of a convertible prffd fully paid for in a cash account can sell short exempt.. ie no uptick required. If the convert is exercised at the option of the holder; which it sounds like this one is.. So, you are long the prfd. you sell the common against the long and convert..everything is offset The company must force the conversion of the remaining prfd..or pay them off..Either way not much left for us common holders.. Jim..Long too much @ 1/16th