OTCPK:CUUHF - Post by User
Comment by
PeterM1on Nov 24, 2018 11:16am
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Post# 29017322
RE:Naked Shorting
RE:Naked Shorting
According to SOX latest quarterly report:
The $80.5 million of 6.0% convertible debentures issued in September 2014 are convertible into 5,689,046 common shares, based on a conversion price of $14.15 per share.
If the debentures are convertible at a fixed price, what benefit could a debenture holder gain from shorting Sox stock ? It would seem that would be only hurting their own situation. Or am I missing something here.
The short position has now by the way increased to a million shares or 22 % or total value - but that is down from 34% in August