Thanks for sharing on the NOL GWP. Very informative.
Doesn't look to appealing in that respect. Better affy remains affy as far as the loss goes.
What about the share value? How would a swap affect the price of the target?
Would shorts have to cover or is there some way to keep a short position open?
GWP I'm a bit disappointed in the detail of this response. Unlike the NOL where you provide a good deal of information. Can you comment on what your expectations for the share price might be?
For example, what would likely to happen if a swap were announced Tuesday after the July options expiration. Giving Monday to settle assignments of puts and calls.