Generally not. Ms Autry and other shareholders.......
are screwed, but lenders for the most part are getting discounts to the current price or bid within a specified timeframe before conversion. If they converted before the split and didn't sell, which isn't likely, then their screwed along with the "loyal" shareholders Alonzo says he's sooooooo fond of.
His actions and stewardship of corporate assets are so inspiring, don't you think?
Typically not, but the language of the note would dictate that. USUALLY language is included to the effect that conversion prices would be adjusted to maintain existing ratios in the event of a split. If a note holder and an issuer didn't assure that such language was in the note somebody would end up royally screwed.
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