Updated conversion information:
The conversion price rose to 4.71 from 4.66 yesterday.
The October 21 Closing bid of 4 1/2 became stale today, and will drop out before noon tomorrow.
Therefore, the conversion price tomorrow will rise to 4.82, unless the closing bid drops to 5 3/16.
This will cost Castle Creek about 24k shares, if they don't convert.
Date: Closing Bid: Conversion Price:
21-Oct 4.5000 4.6607
22-Oct 5.1875 4.6607
25-Oct 4.8438 4.6607
26-Oct 4.7500 4.6607
27-Oct 4.4375 4.6186
28-Oct 4.5625 4.6081
29-Oct 4.8750 4.6186
1-Nov 5.3438 4.6292
2-Nov 5.3125 4.6555
3-Nov 6.0000 4.7081
Forecast for the next eight days, if the closing bid remains unchanged from today's close:
Date: Closing Bid: Conversion Price: Shares Lost each day:
4-Nov 6.0000 4.8238 24,100
5-Nov 6.0000 4.8501 5,300
8-Nov 6.0000 4.9290 15,600
9-Nov 6.0000 5.1394 39,200
10-Nov 6.0000 5.4024 44,800
11-Nov 6.0000 5.6444 37,500
12-Nov 6.0000 5.8338 27,200
15-Nov 6.0000 5.9443 15,000
Total Shares lost = 208,712
These shares are worth more than $1.2 million at today's closing price.
Paul |
