Seems that the class A warrent holders were long these and short the commen. They are going to have to cover to raise money for the conversion. 10% of the small 5.10M float is currently short as of last May Nasdaq reporting. (NHY)is in at $5.77 and this company will now have a additional $17M in cash, changing the ratios. Mkt. cap is cheapest among the solar group for legitimate companies. Some more gov't or maybe aerospace contracts puts them in a great position. Stock is valuation mkt. cap wise seems on the low end here.
Can anyone tell me what the conversion details are if a Class A holder wants to purchase the commen for the conversion?
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