RE:RE:GXI.DB, 7%, 31 Dec.19, conv. at $1.35 at bargin price!
My view is that these debentures are undervalued and I expect that they will trade back at parity ($100.00) after the closing of the public offering next week (Jan. 22, 2015). In the next 6 months I anticipate that the common stock will trade over the exercise price ($1.35). Then, the debentures will trade at premium, well over $110 with a 12% yield (based on actual price of $83.00).