RE:RE:RE:RE:Potstocks flying AH - Biden transition Bever -
While I agree and see this as a major threat to be sold off - I think your forgetting MMCAP owns 90million shares with the 28.3 mil in debentures.
63.5% of their position is held in the equity - they can't sell, they need the equity to go up to break even (make more money) they have every incentive.
I see a takeout as just an easier liquidity event for them.
Conversely - as I've mentioned to the board - I tried to mirror mm in my position and have 50/50 deb/equity.
If you can't beat them - join them. I wish I had all debs though...... there was a small opportunity to sell at 14.5 and get all in at 50 (14.25) but I missed it.