News Focus
News Focus
Followers 1
Posts 690
Boards Moderated 0
Alias Born 09/11/2004

Re: IRISHBULL post# 43702

Saturday, 11/26/2005 10:57:00 AM

Saturday, November 26, 2005 10:57:00 AM

Post# of 286613
Irish:


In the 10-Q there are convertibles that would cause massive dilution if the price of this falls. We both were around for IBIZ and WNMI and they both had these types of arrangements. The difference here is this co. seems to be legit. I am worried about these capital venturists (vultures) naked shorting the crap out of this and then converting their shares when it falls in price to cover. I wasn't around in the under $1 days, but SIRI had an FCC license (very valuable) in a duopoly (with XM) and I checked their 10-K back in 1997 and didn't see any of this type of financing. Any thoughts on that nightmare scenario: the massive short selling? Tubber.

“The difficulty lies not so much in developing new ideas as in escaping from old ones.”
John Maynard Keynes

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent MLMC News