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Gamco

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Re: Monterey2000 post# 430797

Tuesday, 02/07/2023 1:28:15 PM

Tuesday, February 07, 2023 1:28:15 PM

Post# of 432663
Monterey2000 - I believe that the convertible bond redemption is what has prompted the Dutch Auction. The company foresees a time in the near future when the window opens for the convertible bonds to convert. They are simply buying stock at a price that is less than the conversion price. JMHO

"Intellectuals solve problems; geniuses prevent them." - Albert Einstein

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