Agreed, but at some point you can't fight city hall.
Without knowing the details of how many $$$$$$$ are going to convert at the BS toxic note discounts, some are taking the position that why hold now when you know millions of shares COULD hit the market.
We were told no convertibles due until 2016 and we had refinancing over .02 a share. This was PR'd.
Now, technically the maturity date could be 2016 but conversion time could be earlier than that. So, while legally he was correct, it certainly doesn't leave a great taste in your mouth.
He already fooled me once when he PR'd that the old notes were completed. While technically and legally that was true, he conveniently forgot to tell us that he signed NEW notes in their place. I gave a one time pass.
What happened to our savior at .02+++ a share taking these notes over?
At some point, you can't defend these actions and CEO has to step up and clean this stinky POOP up.
