InterDigital Inc (IDCC)

[jealmc79]

If the bonds are converted the $126M is IDCC money. They do not pay it to anyone.

That's not exactly how it works. They paid to hedge those bonds, which is pretty much the same as buying a call option. So they will have to turn around and use that money to buy shares to cover the warrants they sold. Which according to the table, the warrants and the hedge cancel each other out up to $109.43.