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There must be a raeson 90,000,000 shares are short. The reason is....?????? Are we a POS and don't know it?
It's called arbitrage. $1.2 bln face value of 4% convertible bonds, $1.122 bln face value of convertible preferred. 90 million shares is only $180 million.
you have posted that a couple times and I take issue with it. those shares were shorted at ~14 or so, so it could be over a billion in value for the arbs.
Could you expand on this statement. Thanks,,,,,