Replies to post #21680 on Plasticon International, Inc. (fka PLNIQ)

[rrm_bcnu]

It's the old death spiral bugaboo again.

[DTL]

The shares are borrowed. They don't pay a dime for them!

[rrm_bcnu]

EE: The market price of convertible debt should never drop below its intrinsic value. The intrinsic value is the number of shares being converted at par value times the current market price. Issuing shares below par is unusual, but below par/10??? Turek is smarter than that.
rrm