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Amarin Corporation plc Message Board

jesse.livermore 1 post  |  Last Activity: Nov 21, 2015 11:24 AM Member since: Aug 21, 2009
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    by urabt2 Nov 20, 2015 9:54 AM
    jesse.livermore jesse.livermore Nov 21, 2015 11:24 AM Flag

    urabt2...Yes..convertible notes are almost always sold to the company's buddies, "qualified investors" and are not available to the retail serfs. The note holders simply "hedge" their position by shorting a dollars worth of common per dollar of convertible..This creates a market neutral capital position and allows the holder to collect the difference between the interest (3.5%) and the rent on the short position... This is really peeing on your loyal retail longs, who suffer at the hands of the short holders, and indeed the 2012 convertibles still form the bulk of the shorts..

    Sentiment: Buy

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