You can bet KBM and any other toxic lenders were s

You can bet KBM and any other toxic lenders were short the stock expecting to cover when they converted like they always do. Since the stock isn't trading they cannot cover their short positions. When/if HJOE re-registers the stock it will open many times higher and the toxic lenders are screwed along with any MM's who often short these stocks. Now they are stuck with short positions and no possible way to cover them. So of course the IHUBBER's will keep hammering away for their bosses.

Quote:

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Many small companies rely on selling convertible debt to large private investors (see private investment in public equity) to fund their operations and growth. This convertible debt, often convertible preferred stock or convertible debentures, can be converted to the common stock of the issuing company often at steep discounts to the market value of the common stock. Under the typical “death spiral” scenario, the holder of the convertible debt initially shorts the issuer’s common stock, which often causes the stock price to decline, at which time the debt holder converts some of the convertible debt to common shares with which he then covers the debt holder's short position. The debt holder continues to sell short and cover with converted stock,

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