You know everything I'm learning, I'm learning from posters here. From what OMID and others stated, I believe the set price settled at $.66 (avg closing price from days 35 to 40) which is higher than now of course. And I understood that to mean that instead of 748 shares for their $1000 per unit they got 1666 shares based on the set price and an $1100 value per unit according to the filing. I don't know what each investor has to do to convert during the 40 period. I believe that I read that if the shareholder doesn't convert, the B shares would automatically convert to common shares on the last day (80th day). So if any of them is wanting to dump those shares they'd be taking a loss right now. Do I have that correct? But why would they sell right here when there is good things coming for Amedica in the future.
It also wasn't clear whether they can sell the warrants now. I'm thinking yes, but those can't convert until $1.66.
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