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Re: hydro

By: hydro_gen in IDCC | Recommend this post (0)
Thu, 15 Dec 16 10:16 PM | 301 view(s)
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Msg. 47998 of 48237
(This msg. is a reply to 47997 by teecee)

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teecee - I was hoping someone would cipher' this out into some plain(er) English. IDCC paid Barclay's & Goldman 59.4 million for a 4.4 million share anti-dilution hedge. The warrant transaction - IDCC sold the right to counterparties to acquire 4.4 million shares at $88.46 and IDCC received 42.9 million. I still do not understand this transaction yet I agree. MO MONEY MO MONEY is good!!!




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The above is a reply to the following message:
hydro
By: teecee
in IDCC
Thu, 15 Dec 16 10:00 PM
Msg. 47997 of 48237

not only do we get the 72+ per share from the conversion which will cancel out the debt,,,we also get another approximately 9+ per share from the hedging transaction that accompanied the debt issue...idc has hedged out the conversion to an 81+ px...therefore with 316myn of debt canceled....and another 40+myn from the hedge [4.375myn shares x 9]...our net cash will increase by 356+ myn...which doesn't include the windfall from apple....mo money mo money mo money Mr. Green Mr. Green Mr. Green Mr. Green


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