Replies to post #5567 on Cool Technologies Inc (WARM)

[ChicagoBoy]

The dilution is occurring daily. It’s commonly referred to a the “convertible debt death spiral”. The converter, most likely Hoppel, sells shares short all day long, called “shorting into the box” and then gets the shares he sold issued to him at a discount on the close. He really is never long the stock so he doesn’t care that it goes down every day. Today is a perfect example of how this operates. Every decent size bid is hit by the converter, as it was today, and the total shares sold by the converter are the issues at a discount on the close. Today, it was 1,060,038 at .0141. This will continue every day until the tranche being converted is complete. That is why the stock has virtually no chance of going up, unless you believe that someone will lend this company $9 million at 5.85% with their intellectual property as collateral. Good luck. ClevelandRocks because AZ doesn’t