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.
Microcap & Penny Stocks : lcav -- Ignore unavailable to you. Want to Upgrade?


To: Harry W. Lowe who wrote (550)9/28/1998 6:38:00 PM
From: John S.Taylor  Read Replies (1) | Respond to of 942
 
Here is a link to better explain the death spiral convertible . Lcav 's version seems to be somewhat more complicated. Wealth will be transferred from the existing stockholder (suckers?) to the new holders of the death spiral (variable conversion price) convertible preferred. (It even pays a 6% coupon)

fnews.yahoo.com