GREY:EORBF - Post by User
Comment by
electrowingon Dec 01, 2012 8:32am
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Post# 20670139
RE: dilution with convertion
RE: dilution with convertion $25M / $3.5 = 7.2M shares. Of course, conversion doesn't become attractive to the lender until moving average > $3.5 x 1.08 = $3.78. My guess is, some of those shares might convert as SP approaches $4, providing a clear advantage for conversion, and generating some resistance at that price point. Thye strength of resistance will depend on fundamentals and catalysts as we approach $4. We also have warrants on the books worth $4.50.