RE:C-TV: CEO on convertible note offering and general updateThis is the fishiest thing I've ever seen. Sure I can understand what he's saying...that the marker responded unfavorably on a perceived 150 million new indebtedness even though it's not justified.
But why did the sp fall EXACTLY to the conversion price of the existing convertibles?????
This I can't figure out. Something manipulative going on here. Like they didn't want anyone to convert existing debentures to shares? Someone with inside connections selling to keep the price down until those converts are redeemed? I just can't figure it.