No. They explained it, sort of, in the press release today
The implied value is still much higher than the share price. Which basically means, the debt is not covered by the number of shares issued. Look at it from the perspective of the lender. Their money is at risk.
That is the big question. I think it is for the A-shares as I said earlier. And some for ECAB for restructuring the note. And they can't discuss it. Until it is final. But that's my opinion/best guess. I could be wrong. But so far I have been right about the collateral shares.
phoenike I was thinking same thing sucks to get diluted 30% for what? I was waiting for financials maybe they can explain.
also if we got diluted on our triway shares which were supposed to be dividend already.glad to see someone else paying attention, I have been using 19.3m to estimate 88 cents eps for 2017