I think he might mean the conversion price. Yes we donèt know for sure there is one but the market action seemed to suggest there would be one at around 37 cents. Stay tuned for more details....eventually.
In answer to his question, I donèt think they would see it as a problem. This is a much bigger debt financing.
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.