Tue, May 21, 2013, 11:12 PM EDT - U.S. Markets closed
short 12,121,212 shares if they can when ever the stock get high enough for them
agreed but couldn't they do that
No but they have they option to at 8.25 over time so every chance they can short a share above the 8.25 the net out difference from where they sell the short
100,000,000.00 Loan / 8.25 Convertible rate =12,121,212 New Shares Expected
37,000,000 shared available / 12,121,212 new shares expected
3 to 1 ratio
So at 9.25 they have a $12,121,212.00 Profit or %12.12
Short as many shares as possible at $9.25 to hedge there bet and to lock in %12 profit
If you could lock in a sure thing how many shares would you short to protect a sure thing?
they keep the shorts alive and broke trend lines and support the other shorts did the rest...