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Wednesday, May 03, 2006 12:58:50 PM
And if they had enough "cash" then the SB-2 would not have been filed for Golden Gate. GG is in the money 18% off the bat, so they will dump for cash if necessary. They do not sit around and hope for news like we all do. LOL. Another reason they convert is because they cannot own more the 9.99% at any given time.
Whether GZFX sells or GGI converts for cash, it all ends up in the same place. Dilution to the Outstanding Share count.
Plus, the majority of the conversions and selling seems to magicly come on news. This is why the rallies are hammered back down quickly.
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