Correction:

Slight modification on quarterly interest rate to get 8.0% per year (1.943% compounded).  2% per 3 months was slightly overestimating the yearly interest rate (8.24%)

Now with this correction (very little change to the values):

 

  Debenture Conversion Price Max. number of shares issued from conversion Current number of shares Maximum dilution, if all converted into shares Max. Interest (if no conversion/no dilution) after 5 years  
   $                  3.50 7,142,857 181,332,876 3.9% $11,733,202  
             
             
  285.7 shares per $1,000 debenture      
             
             
  Added Capital     % cash increase    
   $        25,000,000   Market      
      Capitalization      
  Current share price  $                     2.82  $     511,358,710 4.9%    
  Conversion price  $                     3.50  $     634,665,066 3.9%    
  Higher share price  $                     4.00  $     725,331,504 3.4%    
             
             
  Yearly interest 8.0%        
  Quarterly interest 1.943% Q1 Q2 Q3 Q4
  Period 0 1 2 3 4
    December 13, 2012 March 13, 2013 June 13, 2013 September 13, 2013 December 13, 2013
   $       (25,000,000) $25,000,000 $25,485,664 $25,980,762 $26,485,479 $27,000,000
   $               (1,000) $1,000 $1,019 $1,039 $1,059 $1,080
Price above which share conversion is interesting $3.50 $3.57 $3.64 $3.71 $3.78
             
      Q1 Q2 Q3 Q4
      5 6 7 8
      March 13, 2014 June 13, 2014 September 13, 2014 December 13, 2014
      $27,524,517 $28,059,223 $28,604,317 $29,160,000
      $1,101 $1,122 $1,144 $1,166
      $3.85 $3.93 $4.00 $4.08
             
      Q1 Q2 Q3 Q4
      9 10 11 12
      March 13, 2015 June 13, 2015 September 13, 2015 December 13, 2015
      $29,726,478 $30,303,961 $30,892,662 $31,492,800
      $1,189 $1,212 $1,236 $1,260
      $4.16 $4.24 $4.32 $4.41
             
      Q1 Q2 Q3 Q4
      13 14 15 16
      March 13, 2016 June 13, 2016 September 13, 2016 December 13, 2016
      $32,104,596 $32,728,278 $33,364,075 $34,012,224
      $1,284 $1,309 $1,335 $1,360
      $4.49 $4.58 $4.67 $4.76
             
      Q1 Q2 Q3 Q4
      17 18 19 20
      March 13, 2017 June 13, 2017 September 13, 2017 December 13, 2017
      $34,672,964 $35,346,540 $36,033,201 $36,733,202
      $1,387 $1,414 $1,441 $1,469
      $4.85 $4.95 $5.04 $5.14

 

 

Alumina1