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Re: Brizdb post# 21695

Monday, 07/17/2017 11:30:03 PM

Monday, July 17, 2017 11:30:03 PM

Post# of 44482
Depends - usually a note seller cannot hold more than x% (usually 9.99%) of the outstanding shares. Else they could end up taking over the company for cheap. So they usually have to dump the shares out after converting. The CEO doesn't want to borrow $ from the bank and then have to give them a say as to how he runs his business. But no matter what, he is failing if he has to depend on free cash to finance his operations.