RE:RE:RE:RE:Toorealistic and TomharleyToorealistic3 wrote:
I want the truth to be put out about how management has screwed the shareholders. So it's ok for people to come on here and spread misinformation to benefit the stock but it's wrong to come here and tell the truth? John exercised his warrants today. Only 50,000. 2 days until they expire and there's about 2 million on them. This company has been in bed with a hedge fund that continues to make money by shorting this stock and John+NAV continue to finance supreme with the same hedge fund that allows this to happen through convertible debentures. Convertible arbitrage. Google it
You just proved, once again, that you're doing exatly what you're accusing others of doing. This is
not the first time I'm pointing this out to you, to which you realized you were incorrect about your lack of understanding of how convertible arbitarage works, but you seem to quickly forget and hope I'm not around to school you on it again.
Convertible arbitrage
is not happening here becase it
cannot happen when the stock price is
below the conversion price of the debentures which is at $2.45.
Basically in order to benefit from convertible arbitrage, the stock price must be trading
above the converion price to which one would open a short position to cover at a lower price at a later date. There is no risk for them doing this as they can cover their short position by converting their debentures at the conversion price.
I don't want to hear you bring up convertible arbitrage ever again here unless the stock price is in the $2 range which has never occured since the last $2.45 debenture financing ($100M).
So basically you come here to spread misinformation about something you have absolutely no idea how it works yet you tell others to "google it". Take you own damn advise and learn. Dumb@ss.