Another reason i believe these new notes will not hit the OS is the share buy back option. With recurring revenues starting, new orders rolling in and camping world rumors going around, company will aim at reducing OS by buying shares in open market.
We are hearing share buyback is being discussed for some rime now and ideally it can happen once one or multiple revenue streams kicks in which is what going to happen soon.
What if at these prices the shares buy back is already started or about to start along with investment firms soaking the shares. In such scenario, chances of convertible notes hitting the market is zero imo.
We may get this surprise while we focus too much on that small note. Time of essence here. Company is delivering the goods on time and that shows their commitment towards the organization and also towards loyal shareholders.
Be ready for a nice ride to norrh pole soon imho. Lots of positive scenarios are in play here simulataneously.