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Tempur Sealy International Inc. Message Board

markcusw 7 posts  |  Last Activity: Jan 20, 2015 8:25 PM Member since: Mar 9, 2010
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  • Reply to

    3 Blind Mice

    by jonecash Jan 16, 2015 2:35 PM
    markcusw markcusw Jan 20, 2015 8:25 PM Flag

    Chuck...the yahoo message boards are slowly dying due to ignorant posts. Thanks for your contribution.

  • These new basher posters do not hold a candle to you. Give them some advice..they suck

  • markcusw markcusw Jan 15, 2015 7:27 PM Flag

    Nice post Jon..I am also invested in KNDI for the same reasons you have mentioned. China is dedicated to reducing pollution. Not only will China import ethanol, the govt is also encouraging EVA vehicles through govt subsidies. Check out KNDI. As always, do your own DD.

  • Reply to

    Warrants

    by markcusw Nov 14, 2014 7:20 PM
    markcusw markcusw Jan 15, 2015 7:09 PM Flag

    This from 10 Q last March

    Subordinated Convertible Notes – On March 28, 2013, the Company issued $6,000,000 in aggregate principal amount of its Series A Subordinated Convertible Notes (“Series A Notes”), and warrants to purchase an aggregate of 1,839,600 shares of common stock for aggregate gross proceeds of $6,000,000. On June 21, 2013, the Company issued $8,000,000 in aggregate principal amount of its Series B Subordinated Convertible Notes (“Series B Notes”) for aggregate gross proceeds of $8,000,000. The warrants have an exercise price of $7.59 per share. Of the warrants issued in the transaction, warrants to purchase 788,400 shares of common stock expire in March 2015 and warrants to purchase 1,051,200 shares of common stock expire in June 2015. The net proceeds of these offerings of $12,560,000 were used to (i) purchase $6,665,000 of the Plant Owners’ debt maturing in June 2013, the maturity of which was also extended at the time from June 2013 to June 2016, and of which the Company immediately retired $1,122,000; (ii) acquire an additional 5% ownership interest in New PE Holdco; and (iii) purchase and immediately retire an additional $3,500,000 of the Plant Owners’ term debt.

    Unless converted or redeemed earlier, the Series A and B Notes were to mature on March 28, 2014. The Series A and B Notes bore interest at 5% per annum, compounded monthly. All amounts due under the Series A and B Notes were convertible at any time, in whole or in part, at the option of the holders into shares of the Company’s common stock at a conversion price (“Fixed Conversion Price”), which was subject to adjustment as described below.

    The Series A and B Notes were initially convertible into shares of the Company’s common stock at the initial Fixed Conversion Price of $15.00 per share. If the Company sold or issued any securities with “floating” conversion prices based on the market price of its common stock, the holder of a Series A or B Note would have the right thereafter to substitute the “floating” conversion price for the Fixed Conversion Price upon conversion of all or part of the Series A or B Note.

  • Reply to

    Warrants

    by markcusw Nov 14, 2014 7:20 PM
    markcusw markcusw Jan 15, 2015 6:36 PM Flag

    From 2010 through 2013, we issued in various financing transactions warrants to purchase shares of our common stock. The warrants were initially recorded at their fair values, which are adjusted quarterly, generally resulting in non-cash expenses or income if the market price of our common stock increases or decreases, respectively, during the period. Due to the substantial increase in the market price of our common stock in the first quarter of 2014 and because the exercise prices of these warrants were, as of March 31, 2014 and September 30, 2014, well below the market price of our common stock, the fair values of the warrants and the related non-cash expenses were significantly higher in the first quarter and first nine months of 2014 than in the comparable prior periods in 2013, which resulted in unusually large non-cash expenses for those periods. These fair value adjustments will continue in future periods until all of our warrants are exercised or expire. These adjustments will generally reduce our net income or increase our net loss if the market price of our common stock increases from the prior quarter through the date of a warrant's exercise, if exercised during the quarter, or if our common stock increases on a quarter over quarter basis for warrants outstanding at the end of a quarter. Conversely, the adjustments will generally increase our net income or re Less

  • Reply to

    Warrants

    by markcusw Nov 14, 2014 7:20 PM
    markcusw markcusw Jan 15, 2015 6:34 PM Flag

    Nobody responded to this post of mine regarding description of outstanding warrants in November. Anyone care to comment on impact of earnings?

  • markcusw markcusw Dec 9, 2014 8:41 PM Flag

    Kelly..of topic...but there is not much talk of impact of warrants with Q 4 earnings. The 10 Q stated 800,000 remaining and as long as the PPS is below 18 it is positive to earnings. Any guess as to how many may be left to exercise?

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