It doesn't hurt credibility at all. Again, look at the QIHU example (Sept 5th announcement of their actual pricing on the convertible debt). Because of the conversion right (at a huge premium to actual trading prices), they were able to get 2.5% general corporate debt (no liens or encumbrances). This is basically free money to a company that they can invest and as long as they get over 2.5% return, then the offering is accretive to earnings. That's how companies look at this and it is a no-brainer if NQ gets the same premium and interest rate as QIHU got - just have to wait til closing announcements on terms.