Premier Oil - Onedb1 - shorts - Onedb1 - I understand utilising...

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Onedb1 - I understand utilising a short for when your primary strategy is to collect the coupon rate and hold the bond, but by employing this strategy with Premier Oil you will restrict the upside potential of your equity when you convert.

Unless you close the short before a significant rise, suggesting for profit maximisation there is more yoyoing of the share price yet to happen, or the shorters have got it wrong.

Compare warren Buffet and his Bank of America Pref shares he converted. A short would have reduced his profit.

Happy to be proved wrong with an example, let's say shorts taken out at 70 pence, bonds convert at 300 pence.

Thanks