I don’t especially like the convertible-debt deal, for reasons I’ve already posted; however, the convertible-debt deal does not in any material way change my long-term* thesis for owning the stock.
*I’ve owned RVNC continuously since Feb 2016, and I intend to own it for several more years (unless the company is acquired).
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”