« IDCC Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: observation

By: hydro_gen in IDCC | Recommend this post (0)
Wed, 08 Feb 17 8:07 PM | 401 view(s)
Boardmark this board | InterDigital Communications
Msg. 48064 of 48237
(This msg. is a reply to 48063 by teecee)

Jump:
Jump to board:
Jump to msg. #

I beg to differ. IF IDCC trades above $94.08 for 20 (17 since we closed above 94.08 3 times already) out of the next 30 trading days (this quarter), based on below, conversion can occur.

Article 10
.....Holders shall have the right to convert any portion of the principal amount of any Notes that is an integral multiple of $1,000 only under the following circumstances:
(1) Conversion Based on Common Stock Price. On any date during any calendar quarter (and only during such calendar quarter) beginning after March 31, 2015, if the Closing Sale Price for the Common Stock was more than 130% of the applicable Conversion Price on each applicable Trading Day for at least 20 Trading Days (whether or not consecutive) in the period of the 30 consecutive Trading Days ending on the last Trading Day of the immediately preceding previous calendar quarter;
~$72.37 conversion price per share x 130% = $94.08

https://www.sec.gov/Archives/edgar/data/1405495/000119312515087314/d888367d8k.htm


- - - - -
View Replies (1) »



» You can also:
- - - - -
The above is a reply to the following message:
observation
By: teecee
in IDCC
Wed, 08 Feb 17 3:15 AM
Msg. 48063 of 48237

we are consistently closing above both the conversion price of the convertible....and hovering around the terminal price of the warrant convert hedge [approx. 90+]....if we trade much higher...THE SUPPLY OF SHARES WILL GET TIGHT [only 34 myn UNSPLIT SHARES].....the actual conversion wont occur until 2020...BUT BARCLYS NEED TO FULLY HEDGE OUT THE DELIVERY ON THE WARRANTS WAY BEFORE THEN GIVEN CURRENT PRICING Mr. Green Mr. Green Mr. Green


« IDCC Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next