WANG: Here's a question for you and others. If the convertible note seller(s) were smart (and I ain't saying they're not!), they would literally disappear for a while and let the price come back up as buyers emerge (since there are fewer to no major sellers left) so they could sell at a higher price. Sort of like the movie "Jaws" where you literally never know when Jaws will strike again. I mean, what is the point to sell at such a low price when surely it will rebound to some degree from a technical perspective (and maybe even soon), let alone a positive news perspective, even though they probably already have a "base" profit from the original loan no matter how low they sell at.
So I ask, how often have you seen that happen and to what degree? My guess is that the answer is all over the place depending on who the seller is, their past history, their financial condition and other deals involved with, how much they kept for later selling, what other notes are coming due, etc., TOO MANY factors to consider let alone limited knowledge of these specifics from the buyers side. But while I understand the risk of asking such a question and getting generalized answers, I still ask the question and wonder what yours or anyone else's experience is (even if ultimately in this case my suggestion turns out to be what happens, or just the opposite or something in between).
