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shajandr

02/13/17 3:39 PM

#22963 RE: RadioSilent #22951

"Am I off base here? I thought that's what was going on."

Yep, you're off base there. See my prior post.

Toxic CONverters CONvert and sell same day or even short the box and pre-sell some of the tranche in the day or two prior to the next iteration of CONversion and use those shares to cover - before T+3.

They bear NO MARKET RISK - and seek to minimize any such risk - that is the name of the game in floorless CONvertible debt. When the bid is big enuff to swallow X shares, they CONvert enuff of the debt to provide X shares and DUMP into the bid.

Lather. Rinse. Repeat.

All the way D-O-W-N.

ALL they care about is VOLUME.