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Umm, the way toxic FLOORLESS CONvertible debt works

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shajandr   Wednesday, 04/24/19 03:46:21 PM
Re: I FAR I post# 117114
Post # of 117416 
Umm, the way toxic FLOORLESS CONvertible debt works is once it is aged (6 months for SEC filers and 12 mnths for non-filers), the debt in CONverted into FREE TRADING shares that are dumped upon issuance. The toxic financiaers never bear any market risk. They do nott hold shares.

The CONvert a tranche of aged debt and DUMP the shares into the market immediately, guaranteeing a hige profit (if the debt issues shares at a 50 percent discount to market, then they lock in 100 percent gains on their loan.

Toxic financiers CONvert and DUMP immediately in dribs and drabs as the buying volume permits - they whack bids after they build, then pause and after the bid builds again, whack it with another tranche of CONverted shares.

Toxic debt financieers never HOLD shares.

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