RE:RE:RE:RE:Pretty bizarre stuffBalsbuster wrote: IMO this is standard convertable deal hedging. i typically don't assume that the new convert buyers are interested in the equity. They are interested in the yield and take on a hedge bu shorting the stock to protect them from loss due to a decline in the stock price. Typcially this takes a few days to work out, but may be longer since this deal has a 3 week window to it.
https://www.investopedia.com/terms/c/convertible-hedge.asp So I asked this before about when thera might start paying a dividend, SPCEO responded better all the cash goes into growth which makes sense, but it must happen someday. We talking not in next 3 years, 5years, 10 years???