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good evening to my fellow warriors
we are here....only because we had "no fear'....im confused at this point...i kinda think we still havent been "discovered" by the current market....and we're still just a tasty bite....just under 3byn in mkt cap....im holding what i have left for dear life...many of the folks i helped with idc....have sold off....and are pissed im the last guy standing....its 5 oclock charlie time!!!!!!
paulee...doesnt idc have kind of a one foot in...one foot out...relationship with avanci currently....seems as though they had started the moonwalk on avanci ...not too much before tesla made their move on avanci....im not sure...but i seem to remember something of that nature
jeal....humour me...what will this transaction look like at 125?.....im only moe confused now....if they issued warrants on the full amount of the converts....then those warrants are executable above 106+
glen....you can bet the shorts have the convert in mind....the way i see it ....at worst....they know the shares will become available above 107 at some point....so that gives them some confidence that supply will be there...coincidentally....i think that amount of supply...is roughly the amount short [i think]
jeal...the warrants are the upper end of the collar that was sold....if the warrants are exercised....then idc will have to issue shares at 106+....and the dilution that was hedged out...will then occur...and idc will have recieved as much as they could from the transaction
i dont buy the goldman sachs angle...my guess is the converts have multiple owners....in my mind....idc did the converts for many reasons...first was...they always like to have a large chunk of money in the treasury as a means of defense against the marauders of the early cellphone days....second they wanted to have banking relations established with the street....which could hopefully lead to some more visibility....and thirdly....they always hoped one of these deals would be in the position that its currently in!!!
the hedge is the reason they are able to pay above and beyond the actual conversion price
this is confusing..but .ill take a stab....they are tendering for the bonds up to the maximum conversion price of 106+ on the shares...and for every bond you get 12+ shares....and you get cash ,shares or a combo of both....hows that sound
i knew you would remember...you still got it kid!!!
what was that english judges name that decided an important case in idc's favor many moons ago.....and then dropped dead?...
do we have our mojo back??
no stock for sale today...given all the backround noise from the converts....that seems strange with multiple players involved
to me that means idc exercised their option to pay off the notes...and probably did corresponding trades within the "options book" that has been created around the converts....my guess is ...its a little drop in the "bucket o cash"
thanks...always want to here what you are thinking about idc
glen...im
not all caught up here....why are you concerned about this event?......i trust your knowledge
and the beat goes on....looks like some pretty good stuff!!!
hey loop....arbitration has been bery bery good for idc over the years...mediation is just a bunch of talk around the table...ask leon....hope you are enjoying the most recent rocket ride...i know youve been here since day one...i respect evrerything youve ever done to hold us together...when there were many moments that tore us apart....god bless you..god bless the rest of the houstion 100 guys who are no longer with us...god bless mschere and emil.......god bless all my fellow idc warriors....and god bless america....merry christmas ....Santee!!!
in think WE ...including myself at the top of the list....pay way too much attention to the shorts machinations....except when it comes from playing dirty pool [see BOA analyst]....the company has done everything they can do to prevent dilution of our shares...and now it seems they are finally delivering on the dollars...at some point were gonna have 50% cash as pct of mkt cap....no debt and growing business....thats what should scare the shorts!!!
cat...yes and no....if they are held in a margin account...even if not on margin...they can be lent...if they held in an ira...they're not supposed to be lent w/o an hypothecation agreement signed from the customer.......but those two instances...are in the DEEP minority...95% of shares are owned by institutions...who lend....THE MOST INTERESTING buyer is when the company makes night night by buying the shares...and putting them to sleep
i have no freaking idea at this point........im just an innocent bystander on this crazy ride!!
big cat....idc is easy to borrow because it is almost completely institutionally owned...institutional accounts freely lend their shares....via a complete lending program for all their holdings.....as far as im concerned....thats the trap for the shorts....if it was trading at a high rate in the lending market....the shorts might take pause before shorting more....also i think the big increase in short interest is somehow tied to the converts....as they are now completely in the money...even past the collar price which i think was 103...which idc sold to avoid the dilution at the stated conversion rate
Vegas ..it has nothing to do with anybody In particular.. as convertibles come into the money....they become in the money options...and are subject to the options community's money machine....see ...susquehanna!!
vegas....i would think some of this short activity is definitely tied to the converts at this point
getting interesting now
https://stockcharts.com/freecharts/pnf.php?c=IDCC,PWTADANRBO[PA][D][F1!3!!!2!20]
day tree is the key!!
the amount of the exchange that comes to mind is 280myn....sounds about right if it was a 400myn dollar deal
vegas...i think most of 24 converts were exchanged for the 27 converts
HOUSTON....thank you for the docking services...add a 50% tip for the dock boys.....please have a perfect crown royal manhattan waiting for me at the bar...so i can toast all my IDC BOYS!!!......................................................and then we'll talk about DA SHORTZ after 2 more
if we are successfull...they wont just pack up and leave...maybe your right......they're going to have to get a real beating!!
19 points in 15 days....thats a little squeeezeeee!!
we should be getting a short interest report today or tommorrow....very interested in seeing what the flows were between 11/1 and 11/15....the price went from 76 to 95 in that period!!
the holdings at gs...are most likely held at goldman sachs asset management....i wouldnt think that they own a large portion of the convertible issue....that deal was done mostly by exchanging the new convertbles with the holders of the old convertibles[270myn]
the number is a mistake
youre right about that....its nice to see ole idc getting some attention though
also noted....the dollar value of the goldman sachs investment in idcc of 1.5byn...is comparable to the dollar value of the investments in the other much much larger companies
saw that...the other companies on that list were much larger than idc
oh oh oh...i think its squeeezing out to the upside...i hope it floats!!!
volume way low today...barely 100k at 3.05....seems to me they are going to have to squeeze out at least another 100k in the last hour...to the upside or downside?
DAM...5 o'clock charlie....your bomb fell short....I think you need a new propeller!!
this is houston....its been a while space rangers.....roger!!