RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Convertible at 3.80 - meaning for Q3 ?ChiChi3 wrote: So a potential investor can either buy shares or calls in the market OR can sign an NDA, get inside information on how much revenue is coming in the door due to recent signed agreements, and then can buy securities in that same company? Doesn't sound right does it? For arguments sake, treat the conversion price as a call option on the stock. These convertible bond investors bought call options on insider information?
I'm sure there is sharing of information but it can't be non-public material information that would effect the price of securitiies the firm has available for sale in the market place.
Chi
It's just the firm brokering the deal that is privy to the pro forma. Then, they sell it to their clients using their own report where they can't include information that's not public. If you were a client of Raymond James, you could buy in the convertible debentures but you wouldn't get the same info as they did (Raymond James).