Cytori Therapeutics Inc Message Board

I used a poor choice of words, Walk. Not unknown but certainly misunderstood.

The OLD structure was complicated. IDS hybrid securities. The new will be a standard common share like everything else.

Yes, Walk. I agree with the conclusions and inferences you've posted. I mentioned the Hedge and Mutual fund barrier before. What I'm really curious about is the two quarters of deferred interest that is supposed to be converted (.4876 per share). I've seen no mention of that in any news releases or SEC filings. Maybe cancelled in the re-org. Will probably trade lower in the short term but BK exits tend to outperform the market.

It'll be fun to watch for a few weeks. I don't want to try to influence anyone's investment decisions but I feel that I should point out a few things so that people don't dump because of unknown factors. I'm actually hoping we get a sell-off after the conversion...I'll be buying.

Yes, you're missing quite a bit. Evidently not familiar with hybrid securities. No matter. Today was the last trading day for the old common portion of the IDS. Converts to OTEL on Tuesday.

That number would make me happy also, Greg. That would be $4.00 for the current IDS. I agree with walk57 though that $3.00 is the minimum. The new common won't pay a dividend, though, since they will use 75% of FCF to reduce debt. A good move for the long run but it leaves us with money tied up earning nothing. I'll probably rotate out gradually after the conversion, depending on the market at that time.

Since each IDS represents $7.50 of the note you get $37.50 on the new shares. Assuming a 50% haircut on the notes, the new Common would be $18.75. Because of the 1-for-5 reverse split, each current IDS should be worth. $3.75. Just back-of-the-envelope figures but I will be very happy if it works out that way. And a big thank you to walk57 and others who sailed these stormy seas with me.

Nerve-racking at times but it looks like we made it, Walk.

We're all waiting on that date, Walk.

Nah, every time it dips buyers rush in (I have both PUTS and Covered Calls on this one).

Are you sure the cut-off wasn't the BK filing date? If I can verify that I will add to my position. Thank you in advance for any light you can shed on this. As you've said before, the IDS structure is very different and a BK filing with this structure even more so. I do like the fact that debt and IDS holders are overwhelmingly on board with this process.

I've been selling Covered Calls and Naked Puts all year on DDD and, yes, it has been very profitable.

Isn't it too late to get the conversion? I'm unclear on the cut-off date for the new common.

Declining dividends? They've never reduced the payout. If you got out and warned everyone last year you've already lost $1.00 P/S in distributions. And if you have no interest in this security, why do you continue to post on this board? The short-sellers are so easy to spot...same old song-and-dance.

People don't seem to realize the difference between free cash flow and the depreciation reduced net earnings. You ignore the net on things like this...as well as MLPs. Gives us an opportunity to buy low.

I agree. A "short-squeeze" right now but that won't prop it up very long. I love the concept and the cars and I think Elon is a visionary..I just don't think the stock is a good investment. You can like a company without buying it.

I haven't lost a thing because I've never sold any. On the contrary, I buy more when it gets this cheap.