RE:RE:RE:going to hit $2 on Wednesday Speddy77 explained it really well...It's really not surprising that it traded down whatsoever. It happens any time any time a company does a convertible financing. The companies who buy into the transaction just want the risk-free 6% rate of return so they short an equal # of the shares that they can convert at the conversion price. In this case, 38 million or so shares will be shorted. It'll probably drop to close to $1 (American) by the time they're finished shorting. It's called convertible arbitrage. Google it. The good news is that it'll create an incredible buying opportunity for those who keep some powder dry. It'll be short time pain but it'll recover within a few days after the shorting is over. I'll be ready to add more around $1.