SiNtx Technologies Inc (SINT)

[joev2]

I'll also mention that back in the day Conv D's were the big thing for smallcaps. They may still be. And so a company like Sint needs 5 million. A company like Maxim, offers to buy enough shares that equal 5 mil but there are caveats. It generally went something like this: Take the last 15 days of trading and then the 5 lowest closes of those 15. Avg the closing price of those 5 and then we'll buy at a 10-20% discount to that avg.
As you can see the o/s adds up. It was in THOSE types of deals where a Maxim might not be allowed to short any for x amount of time. This all brings me to what we have in Sint-land today. Is it that Maxim won't even take the chance themselves? Have things changed in the micro cap world where Conv D's don't exist or don't exist as much, and instead we have what we have between Sint and Maxim? I simply don't know.