IF I READ CORRECTLY, the note holders can get 54 shares of LVLT for each 1000.00 of pricipal due them from the notes if they convert them to stock--------54 shares right now are worth over 1500.00----why not convert?
Depends on your definition of SERIOUS. There is roughly 200 million dollars worth of the notes outstanding. There will be 10,800,000 shares issued to redim the notes. That is a little less than 5% dilution.
The stock hit a new 52 week high AFTER they announced the redemption. Appearently the news that Scott was retiring more than made up for the 5% dilution.
if they can get shares at 18.75 that are selling for 30.00 I would assume they would convert even if they sell the shares and buy more notes-------Lvlt cash on the books is borrowed money and the worst thing is they are not making a profit so they are spending the cash but still have the debt
would somebody answer my question-------is dilution going to take place in less than 30 days-------just yes or no and please back up your answer with intelligent reasons one way or the other---thank you
Hahaah another the sky is falling. Dont fret jack, the enterprise value minus the cash has us undervalued by about 10 billion. people in the know, know. why do you think they keep buying the debt. and our credit rating is improving.