how does anyone know it was converts selling?
all the FACTS point to it NOT being convert sellers.
first, when converts were selling, there were usually after hour trades to "settle" the sales. mm's selling for the converts, would sell thruout the day, then at the end of the day, converts would sell to the market makers to settle their sales - so they were not "short"
second, there was no question cdel and vfin were involved in the convert sales. NOW they are not involved in the ask ... actually vfin is definitely NOT involved in the ask. only mm with any large volume has been etrf (mainly) - csti briefly
third the converts were very agressively selling into the bid ... because they did not care if the pps dropped
fourth, the argument that the blocks are too big for profit takers, and has to be converts is totally flawed. because someone is buying these large blocks. so unless converts are buying and selling, then someone is buying large blocks, and could easily be selling too - PROFIT TAKING ...
FINALLY, AND MOST IMPORTANTLY, WE KNOW WHY THE CONVERTS STOPPED SELLING. BECAUSE USPR WAS DELIQUENT IN FILINGS, AND THE TRANSFER AGENT WOULD NOT ISSUE ANY MORE SHARES UNTIL USPR WAS NO LONGER DELINQUENT. (IF YOU DON'T BELIEVE ME, CONTACT THE TRANSFER AGENT. HE'LL CONFIRM IT !!!)
SINCE USPR IS STILL DELINQUENT, THE CONVERTS HAVE NO SHARES TO SELL. IF THEY HAD SHARES TO SELL, WHY WOULD THEY HAVE WAITED WEEKS TO START SELLING AGAIN?
