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Thursday, June 07, 2007 5:25:47 PM
When GGI gives money to GZFX they get options to convert these amount of money into common shares.
but it's GGI who decides at what time they convert.
there is no duty to convert immediatly after they paid the money to GZ.
and there is only one restriction:
GGI can only convert and hold up to 9.99 % of the OS at one time.
There is high risk in shorting at these levels.
yeaah for you it will be a high risk,
but GGI doesn't cover by buying shares,
GGI covers by converting convertible debentures
and that's no risk,
that's a sure and riskless profit for them.
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