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Wednesday, February 19, 2014 6:55:11 PM
............there is a difference in convertible notes versus giving a person restricted shares which cannot be sold for 6 months.
The notes are usually convertible at a certain price. If I had a convertible note I would short ans shot the stock a day prior too conversion date so I could obtain more shares and dump even more shares into the market.
There are many reasons people get restricted stock. Sometimes these people help the company financially and in return receive restricted stock and why shouldn't they as they have a right to be rewarded for risking their money, not only by buying the stock but also by helping the company to operate and attain success.
The bottom line is that everyone should do their own due dilligence before buying stock and not be pointing fingers on this board
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