Replies to post #12085 on Artfest International, Inc (fka ARTS)

[taraniterror]

Toxic Convertible
Used by companies that are in such bad shape, that there is no other way to get financing. This instrument is similar to a convertible bond, but convertible at a discount to the share price at issuance and for a fixed dollar amount rather than a specific number of shares. The further the stock falls, the more shares you get. Popular in the mid to late 1990s. Also known as death spiral convertibles or floorless convertibles.

[just Scottie]

What are everyones thoughts.How low will it go,when will it bounce back and how high will it go.