Wednesday, September 20, 2017 2:00:44 PM
Then, their 4.9% equity will convert to at least 17+ million more shares - doesn't mean any of these shares will get sold though, but we'll see. They might hold all of those long term.
Any shares sold off by PFM currently should not affect their final equity - theoretically. That's why they can sell them cheap - and they need to get the price down to a certain number to get their full 4.9% equity. They'd end up with less if they didn't orchestrate it down.
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