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Re: West Coast Snapper post# 3965

Thursday, 05/16/2013 11:47:41 AM

Thursday, May 16, 2013 11:47:41 AM

Post# of 20265
From the looks of it, they're not converting. Only convert when things look bad and cannot get money out otherwise. With the stock moving up rapidly, my guess is that they have good news coming on the capital front (at least enough to convince debt holders not to convert).

Since ECOB doesn't have a PIPE in force, the only flood of new shares would have to come from converts. In absent of flood, supply should dry up and thereby increase the demand for shares in circulation causing price elevation.

Still, all this is just plausible speculation. I am waiting on the sideline again for another profitable trade here.

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