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TEX

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TEX

Re: john wayne post# 41

Sunday, 11/11/2007 1:14:22 AM

Sunday, November 11, 2007 1:14:22 AM

Post# of 156
Heyyy...JW

good to see you out and about!

Basically, debenture equals debt.

Remember from "American History 101" about debentured slaves?

errrr, workers, I mean...

Convertible translates to exactly that..."converting" money/dollars/debt into stock...at a steeply reduced rate from the market price.

Bottom line? once you make a Faustian bargain like this, they got you coming and going...

They're converting at a discount, so they can profit mightily into a run.

Then, they're big enough, off-shore enough, to short you coming down...

Adventures in microcapitalism

http://investorshub.advfn.com/boards/board.asp?board_id=11942

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