GREY:CLLZF - Post by User
Comment by
coughlcon May 11, 2007 8:16pm
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Post# 12769517
RE: Death spiral financing
RE: Death spiral financingOne huge flaw with your theory. It only works if the debentures are convertible at market prices. These are fixed at $5.
So let's take it further... They would short the stock and use their convertible debentures to buy stock at $5...oops so the market price is $3 and RBC will be buying at $5. Yah makes a lot of non-sense.
Furthermore, how long do you think RBC will keep retail investors which they fleece with their commissions if they get into that game?