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Re: ok class is in for those who care 

By: bulldzr2 in IDCC | Recommend this post (2)
Sat, 17 Dec 16 4:24 AM | 1170 view(s)
Boardmark this board | InterDigital Communications
Msg. 48039 of 48237
(This msg. is a reply to 48036 by teecee)

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Thanks... I am glad somebody understands this.




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ok class is in for those who care
By: teecee
in IDCC
Sat, 17 Dec 16 4:12 AM
Msg. 48036 of 48237

idc issued debt w/ a strike price of 72.375...they then bought term[same as debt] warrants w/ a strike price of 72.375...they then sold term warrants w/ a strike price of 88+...if the stock is trading between 72.375 and 88+ at the time of expiration....idc will exercise the warrants and take delivery of the stock from the warrant seller [barclys from existing market supply]...and the warrants they sold will expire worthless...they will then deliver this stock to the debt holders to satisfy the debt conversion transaction...if the stock is trading above 88+...they will have to issue stock to the warrant holders...thereby causing the dilution


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