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Re: BULLDOZER1 post# 1587

Tuesday, 09/09/2014 2:19:32 PM

Tuesday, September 09, 2014 2:19:32 PM

Post# of 13308
My thoughts: As long as there are Asher & Co. holding floorless convertibles, it's dangerous to buy this stock. They convert their bonds at a 60 %-discount to the latest share price and sell immediately. They don't care, whether a stock is undervalued or not.

The big questions are:

1. What amount of outstanding convertible debt has been converted by now?

2. Did BIGG buy back some convertibles?

3. Did BIGG issue new convertibles between Juli to September?