(Total Views: 561)
Posted On: 09/03/2020 12:28:59 PM
Post# of 154119
Re: reallypeople? #54007
Reallypeople
I think that you are incorrect
We should check the filing but i think that if another raise is made at for example 5 next month then their conversion price changes from 10 to 5 and then at the end they can convert at 5 even if the price at the end is for example 20.
Your example doesn’t make much financial sense. Why would the convert at 5 at the end if the price was 5, they would just take the cash and invest it somewhere else since they could buy on the open market at 5.
That is one reason the company doesn’t want to make a raise below 10 since it increases the shares in the convertible note making the dilution more than the number of shares offered in the raise below 10.
IMO
I think that you are incorrect
We should check the filing but i think that if another raise is made at for example 5 next month then their conversion price changes from 10 to 5 and then at the end they can convert at 5 even if the price at the end is for example 20.
Your example doesn’t make much financial sense. Why would the convert at 5 at the end if the price was 5, they would just take the cash and invest it somewhere else since they could buy on the open market at 5.
That is one reason the company doesn’t want to make a raise below 10 since it increases the shares in the convertible note making the dilution more than the number of shares offered in the raise below 10.
IMO
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