JetBlue Airways Corp (JBLU)

[bowonwing]

Actually, my math is wrong: it is only a 22% potential increase, not 29%, sorry

So it should read:

Yahoo has JBLU's outstanding shares at about 273M. Plus 23M new shares and the $175M convertible debentures (at $4.89 a share) could be converted into 35.79M more shares.
Thus: 273M+ 23M+ 35.79M= about 332M shares outstanding. So about 59M new shares or about +22% of the original 273M outstanding shares. JBLU at $4.29 -$0.94 (22% of $4.29)= $3.35.

Of course the only sure thing right now is that there will be a 23M share increase to 296M common shares outstanding for JBLU, or an 8.5% increase from the current 273M. Who knows if the bond holders will convert there bonds to common stock.
Sorry for the confusion.