TSX:LSG.DB - Post by User
Comment by
bigdaddycashon Mar 04, 2016 11:21pm
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Post# 24625213
RE:RE:Short position
RE:RE:Short positionit is not clear to me what the actual conversion clause is:
a) the weighted average price needs to be at least $1.82 on each of the individual 20 consecutive days; or,
b) the weighted average of all trades in 20 consecutives days needs to be at least $1.82 (e.g. some days may not have a high above $1.82 but higher volumes of trades in excess of $1.82 could cause the weighted average over 20 days to be at least $1.82)
can anyone provide clarity?