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Re: DJ Kazi post# 26426

Monday, 10/23/2017 9:53:55 AM

Monday, October 23, 2017 9:53:55 AM

Post# of 32075

Because of the Restructures Near-Term Debt


Agreed.

The convert holders are pushing back the debt payout from next summer to 2021.

In return, they are taking 1M shares and about 4.5M convert options now so they can sell at these prices.

This convert is all about the arb'ing the convert feature, not the debt. This is the third price reset on it. They likely have already recouped their entire loan, and selling stock now is gravy.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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