Replies to post #53272 on American Scientific Resources (ASFX)

[makeamint2]

EDIT: What insults? I am pretty sure that he brought in granite if my memory serves me right. That is absolutely a death spiral note. Do you understand that a death spiral is an actual term used to describe a type of convertible debenture that has a feature whereby the strike price automatically lowers based on certain parameters but usually driven by the actual PPS at the time of conversion, to insure the convertability feature is not diluted?

It typically causes shorting by the debt holder to further drive down the PPS, ergo...Death Spiral. He then covers the short with ever cheapening converted shares.