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


To: Jim K. who wrote (3115)8/15/1998 12:18:00 AM
From: TraderGreg  Read Replies (1) | Respond to of 9824
 
If they are restricted shares, the constraint would be one of time, not price. Price is usually associated with options/warrants and convertibles. The mall was financed via a convertible debenture, with a conversion price of $3..Please note this is well north of our current levels and should in no way be viewed as dilutive.

Believe me, I am very long this stock but with the history of the BB sector, I am still cautious re: buying more. At these levels, I would think that we would see insider BUYING, especially with Tilton in shock that the price is under a dollar.

Any comments?

TG