Saw what you posted about thinking of selling. Have you thought about trading the common for the 2015 notes?
There's a number of reasons to think about selling:
- What are the new lenders going to do with their 16 million shares when they get them? Wouldn't it make sense to unload since they basically got them for free?
- If they unloaded and drove the price down, wouldn't that just set them up to trade in some of their debt for an even BIGGER stake at a lower price? (A dilution feedback spiral.)
- Lowering the guidance for Q4 and Q1. Not only is this weird but it means they will continue to burn cash. That means they may need to do something even more dilutive just to raise cash.