RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ExcellentLet's not forget one thing. I am sure there was no financing deal available to Thera when it was at 14$, maybe not even a deal at 7$. This why they went with the convertible back then, because they thought that Trogarzo would be a success and that they would do a financing at a better price later. The same applies now. It is not because the stock would have been higher, let's say 6$, that a financing deal would have been on the table at that price. The brokers doing these deals want them at a discounted price, otherwise there is no deal. They are willing to take a risk, but they want a good upside margin. In the end, the price of a financing comes down to the demand for the stock. It seems obvious that in this case the demand was not very high.
1998novl wrote: I get it, you wish it was done at $8 or $10, so do I. I wish instead of the convertible they issued equity at $14. /quote]