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Re: mr toads wild ride 

By: teecee in IDCC | Recommend this post (4)
Sat, 07 Mar 15 10:38 PM | 589 view(s)
Boardmark this board | InterDigital Communications
Msg. 47752 of 48237
(This msg. is a reply to 47751 by sonic22)

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67 converts are 3/16 maturity...the actual conversion px is 55+...so the holders will convert if the stock is at at 55+ or better...but the dilution wont happen unless the stock gets to 67 by 3/16...either the debt gets paid off...or the conversion happens and idc gets 67 per share for roughly 4myn shares...which would really make us bulletproof!!...its all good!!!




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The above is a reply to the following message:
Re: mr toads wild ride
By: sonic22
in IDCC
Sat, 07 Mar 15 10:21 PM
Msg. 47751 of 48237

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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