News Focus
News Focus
icon url

exwannabe

10/23/17 9:53 AM

#26427 RE: DJ Kazi #26426

Because of the Restructures Near-Term Debt


Agreed.

The convert holders are pushing back the debt payout from next summer to 2021.

In return, they are taking 1M shares and about 4.5M convert options now so they can sell at these prices.

This convert is all about the arb'ing the convert feature, not the debt. This is the third price reset on it. They likely have already recouped their entire loan, and selling stock now is gravy.