Do you think maybe they are diluting it, but picking them back up on the dips?
Would the bond holders even be interested in this kind of move, or they are only interested in converting their debt to cash and moving on?
Not really sure how the convertible market works in detail but I figure this could be something they would do...shiz I would if I knew I could sell high buy low and then let the company run. Especially if as creditor knowing how the company operates and more of the inner workings than we do, I would def try something like this.