SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Harken Energy Corporation (HEC) -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (3088)7/1/1998 7:53:00 PM
From: Timelord  Read Replies (1) | Respond to of 5504
 
Zeev, I am curious about these 5% European Convertibles. They obviously are loaning at below market rates. Is it tacitly assumed that they will increase their return by leveraging and shorting against the block when these loans are made? Otherwise I don't see how they can justify the risk. Silly me, I never considered this and the effect on the stock price before - still another reason to read S-3's and 10-K's carefully.

Alex