Monday, January 19, 2015 9:24:03 AM
1. I don't care whether it's folks holding convertibles or not. They can't short unless there is a broker who will make it possible for them to short below .01 and I doubt that the convertible holders are hardcore investors who are into that.
2. The convertible holders do not have any necessity to short, because the price they are being issued their shares is below current market price. They get their guaranteed profit simply by selling at the current market price. They are simply looking to get the money back that they loaned. That they can make a profit so quickly is icing on the cake for them.
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