Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (23081)	4/1/1999 8:12:00 PM
From: secureit	Read Replies (1) \| Respond to of 44908

Ditchdigger; I think that has already happened. I mean .30/sh. Why do you think the stock has not appreciated with all the great PR's since january 99? All Good Regards; Paul

To: Ditchdigger who wrote (23081)	4/1/1999 8:22:00 PM
From: MskiHntr	Read Replies (1) \| Respond to of 44908

I see your reasoning, in order to get the most shares for your buck. But, I don't think they're shorting against the box. Why? 1. They do not have fungible securities. The debentures are restricted as to their sale or transfer. 2. There is no stock around. I have personally checked. I would have liked to have hedged my position ---42% downdraft since Monday would have been a nice trade. 3. Even if the debentures were freely transferable, the broker still has to go out and borrow shares. Even in my personal case, I told my stock loan dept. no problem, I'm long. Their response, "Nice talkin' to ya." 4. Even if all of the above was possible, Ditch, the short has to go out on an up bid tick, and to make any kind of money, you have to sell size. There is no market for size. As evidence, see what a few hundred thousand did today. There weren't many up tick bids to handle the paper

To: Ditchdigger who wrote (23081)	4/1/1999 9:37:00 PM
From: Jazzbo	Read Replies (1) \| Respond to of 44908

That said, and come to fruition, do the debenture holders then expect the stock to rise to whatever level? Or do they care, having made what profit they desire?

To: Ditchdigger who wrote (23081)	4/2/1999 1:00:00 AM
From: TideGlider	Read Replies (1) \| Respond to of 44908

>>>The big question,will they short against the box (arbitrage) to lock in more profits,which in turn,in all probablity would drive the price down,resulting in more shares on conversion..This is also why these are referred to as "death spiral" debentures..If they are real good,they can convert and cover there short,resulting in a higher price(from the buying) and then short the block again and start all over(remember we're talking a lot of stock to work the market with)..DD <<<< In effect controlling the stock price and milking for a very long time. With no downside. TG