RespireRx Pharmaceuticals Inc (fka RSPI)

[bladerunner1717]

(From Wallstarb on Dew's I hub board):

"That my firend is called a death spiral convert - aka bottomless or floorless convert. Essentially the lower COR goes the better for that investor. Many tiome when we would do these deals we would just short the common stock to $0 - then force conversion and cover with the 10's of millions of shares that the convert is entitled to. There's no reason to ever own COR if they are issuing death spiral converts."


Bladerunner