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Post# of 358463
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DiamondTrader1

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DiamondTrader1

Re: chisox pat post# 194326

Sunday, 12/04/2005 8:50:23 PM

Sunday, December 04, 2005 8:50:23 PM

Post# of 358463
A commitment does not entitle ownership.

They already own the shaes they are shorting against.

Not sure what you're talking about, but the PIPEs I'm talking about do not convert until a specified date in the future. This is a common practice, whereby "Fund A" will loan $X to "Company A" bearing interest and a backed by a convertible note that covers the "Fund" against default, should the "Company" fail to meet it's interest payments or payoff the loan in time.

This is what you shortpumpers deem "toxic financing". You say this is perfectly "legal" to short against. Problem is, you have to BORROW FIRST, before you can sell short. You must PHYSICALLY DELIVER a share, not a "clause in a fucking contract", get it?
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