FANT- buyer X's offer, in principle and on stationary, is refused by DM...you are saying they would do that to gain more shares but the company could continue to pay interest month by month and then claw that amount back out of Buyer Y.
But once DM converts to vote on the deal, they are locked except for non-convertible debt, which again, interest on that could be paid by the company with cash much like they did thru 6/30.
Whatever the extra cost of doing business past 6/30 is clawed back in some form or way as provisions are made to operate the company from 7/1 thru final closing date...that amount of money has to be rolled into or out the deal.
What's the motivation for DM to spike a deal as they control the vote at 56% fully converted...? Again, I think it says: a good deal must be in play or there is no deal and no doubt, there is pressure on ISC mgt. to get to that deal that DM likes.
