You off significantly in your calculations. First it is a 42% discount, which means the conversion rate is 58% of the share price, so you are off by more than 25% right there. Second the purchase price is te average the time of conversion, so unless you know when they chose to convert you have no idea what that is. I am not saying that I know what the number of shares converted is and or was, but using your pricing you are off by more than 20 million.
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