RVNC the debt offering should be at a price that is beneficial for shareholders otherwise they should have just done another offering at around $24.50 for $100 million or so and raised another $100 million after approval.
The darn negative with Convertible Bonds or warrants is that the institutional holders who front the raise often short the stock from time to time only to cover on sell offs.
I agree with the feeling that a takeover is now less likely.