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12/27/23 6:17 PM

#432089 RE: jealmc79 #432087

jealmc79, If you buy back the total of shares that convert it DOES NOT dilute. The warrants are a different issue as the company is owed $109.49 per share exercised and once again if they buy back equal number of those exercised it does not dilute. Since the bonds are hedged, the hedge pays IDCC the difference between the convert price and the price on the day they convert. (example $110-$70 or $40 per share) The above is for the 2024 bonds which can exercise after 5 more days above $103 closing.