Tuesday, May 17, 2016 10:32:40 AM
1. The 'conversion dates' are set. The pricing would be based off those dates not when the 'physical conversion' actually happens. It works similar to an option exercise date (typically). As we've seen as well, in the past there has been volume restrictions on sales and their could be pricing restrictions as well, none of us know this in detail because we haven't seen the convert indentures.
2. I have no idea when the convert holder will stop selling, but given how they seem to have dumped thus far, they seem to be exiting the position vs holding. I had mentioned in the past that often convert holders actually hold the equity vs dumping for a number of reasons:
A) They believe the equity will be worth more
B) If they dump in a stock such as this they can kill their own returns - explained this is my pasts posts, please read through them. Starting here http://investorshub.advfn.com/boards/read_msg.aspx?message_id=122649281 - Clearly some of the numbers are 'off' given we know now that there is 370k of converts outstanding but it gives you an idea on how the seller can kill their own returns
That being said, it seems the convert holder doesn't want the risk of the PTAB killing the patents (at least from what we've seen over the last few weeks), so my guess is they don't stop selling until they are out completely.
Recent WDDD News
- Form 8-K - Current report • Edgar (US Regulatory) • 10/01/2024 01:27:19 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2024 08:16:29 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:47:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 12:00:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 09:30:21 PM
CBD Life Sciences Inc. (CBDL) Launches High-Demand Mushroom Gummy Line for Targeted Wellness Needs, Tapping into a Booming $20 Billion Market • CBDL • Oct 31, 2024 8:00 AM
Nerds On Site Announces Q1 Growth and New Initiatives for the Remainder of 2024 • NOSUF • Oct 31, 2024 7:01 AM
Innovation Beverage Group Receives Largest Shipment of its Top-Selling Bitters to Date in the U.S.-Ready to Meet Growing Demand from Expanding Distribution Network • IBG • Oct 30, 2024 12:22 PM
Element79 Gold Corp to Update Investors on the Emerging Growth Conference on October 31, 2024 • ELMGF • Oct 30, 2024 9:08 AM
CBD Life Sciences Inc. (CBDL) Announces Grand View Research Report Findings on High - Growth CBD Equine Market, Aiming to Drive Unprecedented Shareholder Value • CBDL • Oct 29, 2024 10:19 AM
Integrated Ventures Announces Partnership And Lease Agreement with Driptide Wellness - Leading Health and Wellness Provider. • INTV • Oct 29, 2024 8:45 AM