ANI Pharmaceuticals (ANIP)

[Just the facts maam]

Smile, I have no doubt that a number of the shorts are tied to the $143.75 million offering from December 8, 2014.

For those holding the Sr Convertible Notes, the lower the price at the time of a fundamental change such as a buyout or another offering the more shares they pick up in addition to the initial conversion rate of 14.3916 shares of the Company’s common stock per $1,000 principal amount of Notes, which is equivalent to an initial conversion price of approximately $69.48 per share.