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.
Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Marconi who wrote (12120)7/29/1998 4:50:00 PM
From: dumbmoney  Read Replies (3) | Respond to of 18691
 
Because PPH made an intraday low of $1 today, the conversion price is now $0.95. $43 million divided by .95 is 45 million shares, over 4 times the total number of shares currently outstanding. This is a great example of how damaging floorless convertible financing can be.

The company put out a PR: "PHP Healthcare Temporarily Discontinues Conversion of Series B Convertible Preferred Stock".
biz.yahoo.com