If all the warrants and options are exercised it would bring in $58M, so I would assume the conv. debt ($20M) would just be paid off in order to minimise the dilution and need for an A/S in the area of 700M.
But whats another 100M, when the company hands them out like candy....
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.