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Tony_the_Tiger_1973

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Tony_the_Tiger_1973

Re: Mainesbest post# 74330

Wednesday, 05/27/2015 2:29:29 PM

Wednesday, May 27, 2015 2:29:29 PM

Post# of 111920
In short, the new AS implies about 2.6B shares outside of an estimate of the OS and the preferred shares. Seems like a lot. However a good policy is to hold 5-6x more shares in treasury than actually expecting to convert. That was stated in the letter. It all implies less than $500k in debt left.
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