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To: kbert who wrote (1384)3/5/1999 8:23:00 AM
From: Wayne Rumball  Read Replies (1) | Respond to of 13776
 
Yes PLCOP = 6 PLCO

If the SEC filings and the company are correct and they do not change anything till conversion date which hould be this August.

Which means, if you have faith that nothing will change, the smart thing to do would be to buy 1000 PLCOP and short 6000 PLCO, should, in a normal world, mean an instant 600% profit. Then you convert in August and cover your short position

I have not done so, and yesterday I gave up on this and sold my PLCOP