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Post# of 704041
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osprey

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osprey

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Re: MyHunch post# 433239

Thursday, 10/27/2005 10:16:09 AM

Thursday, October 27, 2005 10:16:09 AM

Post# of 704041
Probably NVAX convertbondholders shorted against the box above the convert price of 5.68. I'm not Zeev but am familiar with this kind of financing. Then they can hold the short and cover anytime they want by converting and delivering the shares.

Hedge funds love these deals. It is not high quality financing and companies that do these deals, do so because they can't do better deals.
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