interest rate is quite high for a convertible offering and the potential dilution substantial - had never thought they would need to raise money - stock gets a well deserved punishment
They are buying a Company...maybe a deal that has been out there but not "looming"...its will happen the value of this Company is in the tax losses...we need taxable income to use them.
Done deal, it will happen.
they had $75 mln in cash as of last quarter and no debt - with no acquisition looming why the hell did they do this ? I don't get it especially when looking at the disappointing terms of the offering