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Wednesday, January 24, 2018 11:59:22 AM
In theory the lender could short the stock, drive the price down, then convert at the lower price to cover the short and repeat this process. Aside from being skeevy, it's risky too, as if after shorting a big buyer comes in and drives the price up, the lender would lose on conversion.
I like the business, but would like to see some PPS stability before buying.
"There's a sucker born every minute, 2 to take him and 4 to lend him toxic debt" PT Barnum's investment advisor.
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