Updated conversion price information
Date Closing Bid Conv Price & Number of shares(Est.)
23-Aug 4.8750 5.1026 1,535,980 24-Aug 4.7500 4.9974 1,568,317 25-Aug 4.5625 4.8711 1,608,964 26-Aug 4.5000 4.7607 1,646,299 27-Aug 4.3125 4.6344 1,691,148 30-Aug 4.3438 4.5450 1,724,422 31-Aug 4.3125 4.4714 1,752,825 1-Sep 4.2500 4.4240 1,771,583 2-Sep 4.5625 4.4240 1,771,583 3-Sep 4.6875 4.4240 1,771,583
The conversion price will remain unchanged for the next three trading days (Tuesday, Wednesday, and Thursday), if the closing bid is not lower than 4 9/16.
Then by Friday's close the selling coalition must get the closing bid down to the following prices each day to prevent the conversion price from increasing:
Friday 10-Sep 4.31250 Monday 13-Sep 4.34375 Tuesday 14-Sep 4.31250 Wednesday 15-Sep 4.25000
Note: The conversion price expires one minute before noon ET, on the following trading day.
Paul |