lets say you have 100m in revenues
your expenses are 150m for everything
but 75m of that is depreciation
at the end of the quarter you have 25m more than your started despite having -50m in earning
650,000 shares at 1k/share. conversion ration is just under 57/shares per convertible.
that makes the convertible price about 17.62/share.
if all the shares were converted that would be a dilution of about 11.7% based on the current 315m shares outstanding.
the convertible will pay a dividend of 675/share begining in december.
so basically the company found a way to borrow a ton of money at 6.75%/year
not a bad deal for the company or buyers of the convertable
nowhere. from the announcement
The dividend amount, conversion rate, conversion price and other terms of the Perpetual Convertible Preferred Stock will be determined at the time of pricing of the offering.
its hard for you to go short with $100 in your account while you sit in moms basement
a 13% range in the first 1/2 hour
20m shares started by 9:05
huge moves every day
this stock has gotten irrational and thats when the real money can be made.
this could easily pop 50% or more in a couple of days.
im buying here. i expect that 12 monthe from now this will be a huge winner no matter where it goes in teh short run
its just a buying opportunity.
im buying every 10% lower.
i know ill make a lot of money in a year