would i have received $150,000 or $150,000 (plus the discount) worth of ONCP at the time of the conversion? it now makes sense to me that the common stock price will be driven up if the latter is true. The higher the price, the lower amount of shares you will ultimately receive.
yes, i hate math. you should have seen me at the SATs - wow
The above is all in my opinion and should not be considered a reason to buy, sell, short or hold a stock.