RE:RE:RE:RE:RE:RE:US$350 Million Notes OfferingCashless excersie formula from anothers companies PR.
formula: (number of Warrants exercised * market price1 at the time of exercise) less (number of Warrants exercised * exercise price) / market price1 at the time of exercise. Mindset wrote: That ~20% pop we all expected from the REFI just went to the lenders.
Just the cost of doing business I guess.
I dont feel great, but at least now the company can focus on further debt reduction, buying back shares, and eventually a dividend.