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rrm_bcnu

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rrm_bcnu

Re: rrm_bcnu post# 19771

Monday, 11/27/2006 3:32:34 PM

Monday, November 27, 2006 3:32:34 PM

Post# of 33332
For all: Death Spiral Convertible PIPE's

Death Spiral Convertible
Used by companies that are in such bad shape, that there is no other way to get financing. This instrument is similar to a convertible bond, but convertible at a discount to the share price at issuance and for a fixed dollar amount rather than a specific number of shares. The further the stock falls, the more shares you get. Popular in the mid to late 1990s. Also known as toxic convertibles or floorless convertibles.

http://financial-dictionary.thefreedictionary.com/Death+Spiral+Convertible

► Any comment provided is my personal assessment/opinion of the indicated stock. "When the gods wish to punish you, they grant your wishes. Therefore be careful of what you wish for."

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