Posted On: 10/26/2015 9:48:30 PM
Post# of 30036
The conversion is not capped at 4.99%. The amount that they can own and still convert is capped at 4.99%.
As long as they convert and instantly sell (which they are currently doing), they won't come close to owning 4.99%.
So that cap isn't relevant. It is only relevant if they want to convert and hold.
As long as they convert and instantly sell (which they are currently doing), they won't come close to owning 4.99%.
So that cap isn't relevant. It is only relevant if they want to convert and hold.
Quote:
This is a pretty good assessment of everything but the only portion not discussed is the conversion is capped at 4.99% of the total common shares issued and outstanding so the market value will increase considerably prior to conversion.
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