EOX back to $3 in no time.
They converted at $1.30 per share.
Going way higher.
Debt often has covenats based on EBITDA to debt ratio.
Convertible holders think EOX worth more than $1.30 per share.
Undervalued low float stocks often double or triple in January as funds buy for new year window dressing, buy back shares they sold in previous year for tax purposes. BDR is poised to explode IMO.
The main reason for price drop was arbitrage due to convertible financing.
Convertible debt reduced by 30%.
"We will continue to see the PPS drop until the revenues start to come in, which we should
at least see some positive movement by calendar 2H2015"
Really? I thought even at $1 ZBB reflected the fact that revenues will be in 2015. $.63 is ridiculous.
Given the recent deals that have already concluded, and the opportunities currently at the end of their sales cycle, we have a positive outlook for the fourth quarter and into 2015."