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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: TraderGreg who wrote (5063)	6/11/1998 7:33:00 PM
From: Boob	Respond to of 25711

As an investor, I would rather not lose 60% of my investment just to eliminate company debt. What the right thing to do would be a 4 for 1 conversion or thereabouts so the shareholder doesn't lose his/her ass AND the company eliminates debt in the same process. I don't invest my money to lose it....regardless if the company's debt is reduced or not. And if I were to invest in this company to help them reduce debt, why wouldn't I wait until after conversion when I can buy it 60% cheaper??? After all, I work hard for my money :-) boob