RE:RE:Aurora completes $230 million convertible debenture offeringrehsifylf wrote:
Here is the clause that will keep the stock below $17. Holders won't let this happen.
"The Company may force the conversion of the principal amount of the then outstanding Convertible Debentures at the Conversion Price on not less than 30 days' notice should the daily volume weighted average trading price of the Common Shares be greater than $17.00 for any 10 consecutive trading days"
Wouldn't this be the clause that ensures the stock price will EVENTUALLY get over the $17 mark for 10 consecutive days at least? Especially if it doesn't happen, the company would never be able to get their hands on that huge pot of money from the exercise of these warrants.