InterDigital Inc (IDCC)

[jealmc79]

My take (for what its worth)
Per $1,000 Convertible bond:
* Converts to 12.9041 shares
* The first $77.49 x 12.9041 = $1,000 is paid in cash
* The next $106.35 - $77.49 = $28.86 is paid in either cash OR shares at IDCC's sole election
* The warrants I don't know what the specifics are???
* Question: Doesn't this set of circumstances prompt a meeting between InterDigital and the "hard core shorts"?

You forgot to mention the calls in your scenario. They will offset the amount from $77.49-$106.35, and the warrants above $106.35 to some extent. You need to understand what the tables in the Q10 are trying to tell you. By converting everything to shares after the Notes are paid in cash there will be very minimal dilution and it will only occur with the stock price above the warrant price.