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Strategies & Market Trends : Due Diligence - How to Investigate a Stock -- Ignore unavailable to you. Want to Upgrade?

To: Razorbak who wrote (248)4/25/1999 1:57:00 AM
From: Mary Baker  Read Replies (2) | Respond to of 752
 
Please Read this about the floorless convertible

Message 9097120



To: Razorbak who wrote (248)4/25/1999 2:00:00 AM
From: Nazbuster  Read Replies (1) | Respond to of 752
 
Razorback, in the case of RRRR, would you expect CVI to let the price of RRRR run as high as possible before July 28th (the date they are eligible to convert at $2.49) and then to start their shorting in order to push the price down to $2.49 for their conversion? Or, assuming the stock has run up by July, would they just convert at $5.27 while the stock was at a premium price?

P.S. This is all too new and confusing to me...


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