Replies to post #109569 on Zeev's Turnips Patch-No Politics (ZEEV)

[Sherlock356]

Could it be because they are more concerned with the interest they have to pay and want to capitalize on current low rates?

[Zeev Hed]

Maybe they had to, the buyers of the converts will need the prices above $1.38 to lay out their hedges...Frankly, in few months this might look like an excellent deal, after all, it not a floorless, it is even at a premium to market.

Zeev

[Public Heel]

The selloff was probably to drive the price down enough to make the convert price look decent, rather than what it is, which is an almost sure-thing opportunity for the convert buyers to make money by shorting above $1.35.

It does seem like very good news for the company, though...