Lowtrade- With all dure respect, you either don't know how it works or deliberately giving wrong information. When I say I know the ins and outs of these convertibles and how hedge fund works, take it coming from someone in the field.
Hedge funds holding convertibles never buy shares of the same stock in open market, Period! If there are convetibles debentures outstanding on a debt with one hedgefund, other hedge fund will not buy that stock either.
The MM's are not manipulating as you say. The news of O/S comes and a bunch of retailers sell and the pps goes down, thats it.
Not one thing you say makes sense.
Experience is the most powerful tool in the world !