According to "bull1992" he found this info .. Old game is repeating again
Call Spread Overlay with Respect to 4.50% Debentures
Concurrent with the issuance of the 4.50% debentures due 2015, the Company entered into privately negotiated convertible debenture hedge transactions (collectively, the "4.50% Bond Hedge") and warrant transactions (collectively, the "4.50% Warrants" and together with the 4.50% Bond Hedge, the “CSO2015”), with certain of the initial purchasers of the 4.50% cash convertible debentures or their affiliates. The
CSO2015 transactions represent a call spread overlay with respect to the 4.50% debentures due 2015, whereby the cost of the 4.50% Bond Hedge purchased by the Company to cover the cash outlay upon conversion of the debentures is reduced by the sales prices of the 4.50% Warrants. Assuming full performance by the counterparties (and 4.50% Warrants strike prices in excess of the conversion price of the 4.50% debentures due 2015), the transactions effectively reduce the Company's potential payout over the principal amount on the 4.50% debentures due 2015 upon conversion of the 4.50% debentures due 2015.
Under the terms of the 4.50% Bond Hedge, the Company bought from affiliates of certain of the initial purchasers options to acquire, at an exercise price of $22.53 per share, subject to customary adjustments for anti-dilution and other events, cash in an amount equal to the market value of up to 11.1 million shares of the Company's common stock. Under the terms of the 4.50% Warrants the Company sold to affiliates of
certain of the initial purchasers of the 4.50% cash convertible debentures warrants to acquire, at an exercise price of $24.00 per share, up to 11.1 million shares of the Company's common stock. Each 4.50% Bond Hedge and 4.50% Warrant transaction is a separate transaction, entered into by the Company with each counterparty, and is not part of the terms of the 4.50% debentures due 2015
what do you think about oil stocks at this current price ? XOP, SDRL RIG 75% below from their peak.. OPEC already hint that bottom of Oil $40.
Unbelievable, i made it again, bought another 5K shares of TSL yesterday at $8.24, I will hold them tight to $15.. Go go Solar
The answer was just right in front of you, just make your brain works a bit harder. Opec has said "OPEC won't rush to cut oil production even if prices fall as low as $40 per barrel, one of the cartel's members said Sunday." - oil wont be bottom yet until $40 or under.. not good hint for energy stocks
Shhh dont share to any1 ok nickels.. Bought 5K TSL shares $7.8 and riding all the way to $9.15.. I am ready to to do it again soon. How the pro here could miss the big opportunity when TSL dropped below $8..
Got the hint already from insider information.. The game will go on for awhile to cut the feeding tubes to enemies. I am not in hurry buying Solar yet.
Hmm, nickels already started with 1st Buy high and Sell low trade of year 2015. Why these guys keep burning hard earning $$ into this dead stock.. I told you wait until it goes down to teen then buying. I am aiming for $12, no more than $12 when oil keeps heading low to $30+ and Nuclear Fusion technology is still on track for mid of 2020
History showed 7 yrs ago SPWR went down to $2.5 from the high of $80 range, if oil continues to slide, history would repeat again.. Holding cash is King for now