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kindama

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kindama

Re: mikej284 post# 9276

Friday, 02/20/2015 9:38:47 AM

Friday, February 20, 2015 9:38:47 AM

Post# of 10144
Re: LDK

This is potentially interesting, but it looks to me like the existing debt is being exchanged for a small number of shares plus a new convertible bond with a strike price based on the 20day VWAP at the time of conversion. This toxic feature means the long-term dilution potential is nearly infinite. That would explain why there is so little buying interest in LDKYQ shares.

Maybe i misunderstood the terms, but that's how it looks to me.
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