Replies to post #404 on Dune Energy Inc.(fka DUNRQ)

[sonoil]

I think the answer to your question about the dumping of the stock is that they want to drop the price per share and scare investors into selling further reducing pps and then buying back in to make the big killing.

[SCREAMING EAGLE]

Gliderider.. Yes, I do know the approximate rate of conversions. I did know the exact terms on the notes, but have forgot...LOL! I can get it very close for you though. There are 56,792 convertible preferred shares. The conversion rate is 114.50 common shares for every preferred. They must be converted by 2013 and if I remember correctly Alan structured it that they automatically convert when the common stock price reaches either 1.80 or 1.90. UBS has been converting some since the beginning of Jan. If I remember correctly, UBS and Itera hold most of them. I hope this helps...

And yes, there is very aggressive manipulation going on at this time. The big dogs want in for the ride..