RE:RE:RE:Sent a letter to OSC on naked shorting on bonds I believe you are incorrect on a ton of issues with regards to how iiroc dealers are regulated and how a trading desk works (I spent a quarter of a century running one trading across all parts of the capital structure including bank debt) but I will just ask two simple questions of you:
1) why do you repeat that the bonds are convertible into equity? They are not and in fact as contrarian points out they could never convert to own more than 30% of the ownership. That is our intrinsic shareholder rights plan which is largely unknown but a huge benefit to shareholders.
2) you talk about value a lot. I am interested to know how you value the enterprise?
And for full disclosure I sold quite a few bonds to the company in spring but still own both and in fact added to juniors. I do not short this stock and own lots of stock so agree with your overall view but want to hear how you value it.