Yep, and when it will be high enough they'll short it close to that 3.50$ and then cover with these converts...
Come on UnD, these games have been going on since the begining, why would it be different this time?
While maybe not an excessively bad thing to raise cash under these conditions at this time in our macro-context, I don't fully understand why they have done that. General corporate purposes. Why not wait for the receivables, then. Are they planning some major deployment soon, another HPA, could have been great to have more details... if there are any... maybe it is just for general corporate purposes, as stated.
They'll be in for the ride along with us, and smiling very broadly when the share price is starting the rocket-ship ascent that we have all been predicting .