Replies to post #59268 on PPJ Healthcare Enterprises Inc (PPJE)

[pitboss22]

Not "suddenly". Toxic, "Death Spiral" convertibles are and have always been BAD! That's why they are called "Toxic" and "Death Spirals".

Certain convertible securities, referred to as ‘toxic’ or ‘death spiral’ convertibles, permit the persons holding the convertible securities to engage in manipulative short selling of the issuer's stock in order to receive more shares at the time of conversion. Manipulators of this type rarely get away with such a scheme without collusive, stupid or desperate company owners

[pitboss22]

Because the Toxic financier converts portions of the debt at a discount to "the lowest trade" prior to the conversion period, it is beneficial for him to lower the price before conversion in order to maximize his profit on each conversion.