It is an interesting wording of the 8K that management expects to issue no more than 6.275 million shares. Based on the current share price, that number would be 8+ million if it is based purely on the average share price for the 10 day period.
Isn't it correct that the holders of the 2018 debt was Boone Pickens and one of his associates?
I remember seeing a Powerpoint presentation showing that posted on the website in December but was removed at some point.
I still think at some point there will be an effort to take the company private.
Hopefully on the conference call some of this will be cleared up.
It's still not clear to me how the August 2016 debt is being handled.