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Re: bell345 post# 3623

Tuesday, 01/15/2008 10:32:53 AM

Tuesday, January 15, 2008 10:32:53 AM

Post# of 11034
It all depends on how much shares will be in the float once CR will convert all the convertibles he owns. He must do that before this next April. Anyway once he converts (conversion takes place at a fixed price which is not much lower than the current levels) he may artificially run the stock since he has the interest to sell the stock at a pps higher than what he converted at, and since he has much shares to sell he'll want that the pps will maintain much higher than his conversion price.

He could also decide to make the conversion price lower by selling more shares, but then a RS may be necessary and I don't think he has an interest in that to happen now that we are near the final conversion.
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