AI
| Followers | 82 |
| Posts | 5662 |
| Boards Moderated | 1 |
| Alias Born | 10/17/2006 |
Friday, October 26, 2007 9:14:37 PM
Floorlese convertibles do not apply to SWVC. Do you not understand?
Here's the company's recent annual report:
http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?SessionID=MVEJWLDtYGk6dN0&ID=5474448
The word floorless applies since the debentures are converted at a maximum price of five cents and there's no minimum price; as the stock price falls the conversion price continues to fall.
Here's the company's recent annual report:
http://yahoo.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?SessionID=MVEJWLDtYGk6dN0&ID=5474448
The word floorless applies since the debentures are converted at a maximum price of five cents and there's no minimum price; as the stock price falls the conversion price continues to fall.
