Mon, Sep 22, 2014, 4:26 AM EDT - U.S. Markets open in 5 hrs 4 mins

Recent

% | $
Quotes you view appear here for quick access.

Volcano Corporation (VOLC) Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • jacosa jacosa Dec 19, 2012 8:03 PM Flag

    Any rationale for the bleeding?

    Ok, I've seen this kind of thing before, but it doesn't make a whole lot of sense. The notes convert a bit over $32 a share and the warrants are for purchase over $37 a share. And since both are issued pursuant to a shelf registration, the dilution ought to have been allowed for already. And a decent chunk of proceeds will go to retire a higher-interest (and also convertible, at a lower price) bond issue.

    We know that Volcano internally has a lot of exposure to OCT (partly acquired with Cardio Spectra), but ongoing litigation has caused them to be pretty quiet in public for the last two years.

 
VOLC
11.41-0.15(-1.30%)Sep 19 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
EMC Corporation
NYSEFri, Sep 19, 2014 4:01 PM EDT