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Re: bkshadow post# 411833

Thursday, 01/08/2015 8:30:02 AM

Thursday, January 08, 2015 8:30:02 AM

Post# of 732173
Thanks for the confirmation. Now as we know KKR agreed to convert/exercise the A preferreds/the warrants on March 21 at the earliest (or later), AND the B preferreds will automatically be converted when an M&A takes place (within 180 days from Jan. 5, which means no later than July 5), which scenario is more likely:

1) M&A before March 20
2) M&A after March 20 and no later than July 5

Could it be 2) because they want to trigger only ONE "Testing Event" (which is not possible in 1) )???

TIA
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