"Why do you think it went up Friday to $2.23 ??? People are not stupid- they know something is coming...", said spaceusa so authoritatively!
"Listen people= A friend of mine (he is knowledgeable about stocks)-told me that Tuesday it will reach $2.50 by noon", said spaceusa three separate times on three different days.
Wow man, you and your pal's predictions are as good as the rest of dem pumpers! Waiting for a pumper to say just wait it will go up in the last hour or better yet....up tomorrow. You pumpers are famous for that.
I believe that If they extended the convertible. In my opinion while that does increase (well prolong is a better word) the dilutive overhang, it also shows some sensibility in terms of maintaining capital structure. The market takes it as a signal that the equity is overpriced and hence the company is willing to keep the convertible alive. If they start retiring convertible debt and replacing it with straight debt then it would be a bullish signal