Big volume today on creative financing announcement....I don't think this sounds all that positive when you look at the definition of what a gypsy swap is.
While gypsy swaps appear to be a roundabout way of creating capital, the act typically results in the company having to sweeten the pot for both new and existing shareholders in order to accept the terms of the deal. In most cases, gypsy swaps are last-ditch efforts to avoid cash constraints or bank covenants by engaging in some "creative" capital raising.
Read more: http://www.investopedia.com/terms/g/gypsyswap.asp#ixzz24sREGnn5
