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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (2990)7/31/1998 11:53:00 AM
From: ISOMAN  Read Replies (2) | Respond to of 9824
 
That would be true if the debentures were floorless, but they are restricted shares. For at least 2 years. Restricted shares cannot be shorted.



To: Jack of All Trades who wrote (2990)7/31/1998 1:43:00 PM
From: TraderGreg  Respond to of 9824
 
Zeev's description is excellent. But Jeff, Zeev's writeup concerns FLOORLESS convertibles. The Emporium deal clearly states conversion at $3 per share.

Given this stock is presently at the sub-dime level, who among us has a problem with conversion at $3 per share?

TG



To: Jack of All Trades who wrote (2990)7/31/1998 2:18:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 9824
 
Jefffey, this is quite strange, I am not familiar with TNRG, but if what is quoted below is correct and you what cited is correct as well, than a fixed conversion at $3/share much above the market is very fair to current holders. Make sure that we are not talking about different classes of stock or different currencies.

Zeev


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