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Thursday, September 13, 2007 11:23:37 PM
that the 30 Trillion Preferreds (or 40 Tril, that I have read somewhere, a while ago), was divided by, the lucky number factor of 7 Million.
So, now, there are only ~4 Million Preferreds,
which can be immediately converted to ~800 Common Shares,
(4 Million / 5000 , until April 1, 2008).
Yesterday, they could have been immediately converted to
~800 x 7,000,000 = 5.6 Billion shares.
Assuming that there are currently 1 Billion common shares floating around, the common stock should have gone up at least 5x.
Since it only went up 0.5x , it is obvious that those newly-stolen 5.6 shares, that could have appeared for Preferred conversions, will still appear, and already are floating in.
Averaging-down is profitable, for shorters, only.
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