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To: CharlieFox who wrote (729)7/27/1998 6:24:00 AM
From: CharlieFox  Respond to of 1461
 
AAII explains the convertable "death spiral" at:

aaii.com (AAII members only)

In re-reading it, the predatory technique seems only to apply to convertable stock with a variable conversion rate, not notes with a fixed conversion rate.

Still trying to figure this out...