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Re: mr toads wild ride 

By: sonic22 in IDCC | Recommend this post (1)
Sat, 07 Mar 15 10:21 PM | 499 view(s)
Boardmark this board | InterDigital Communications
Msg. 47751 of 48237
(This msg. is a reply to 47749 by teecee)

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TC,
If the stock price does get above 67 say in 2015 or 2016 can they convert before 2019 or do they have to wait until Dec 1, 2019 to convert. Thanks again for all your help with this. Overall as you mentioned I am more than happy to get diluted at 67 and 87.


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The above is a reply to the following message:
mr toads wild ride
By: teecee
in IDCC
Sat, 07 Mar 15 6:58 PM
Msg. 47749 of 48237

just so you all know what happened this week...we were able to complete a financing over 53 dollars a share...the premium paid on the convert was 35% [my estimate was [30-33%]....so we were paid a high price and a higher premium..id call that a success since it occurred very near the 52 week highs...second the company has established a new high water mark for purchases...my guess is they wound up buying more than just the 43 million dollars worth yesterday...they probably wound up w/ a million or more shares....now the bad news...it will probably cause some near term digestion issues...AND LOOP HERES THE BAD NEWS FOR YOU....YOU'RE GONNA GET DILUTED....first at 67....then at 88....all I can say to you is...HAPPY DILUTION...I eagerly await the day when we are FULLY DILUTED Mr. Green Mr. Green Mr. Green


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