SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Activision....Returns!
ATVI 94.420.0%Oct 13 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Andrew Fenic who wrote (858)1/27/1998 5:29:00 PM
From: vc21  Read Replies (1) of 1992
 
I think this drop is a result of the recent subordinated notes offering. This generally tends to happen. See, these guys get these notes at 6.75% with conversion into stock at anytime with a price of $ 18.875. So they take it up as much as possible and then short it up to the amount of stock they are going to receive. Example, $ 60 million dollar deal, 18.875 conversion, means shorting 3.2 million shares. You get 6.75% while this is happening and the stock at 18.875 to cover. Not a bad deal.

Regards,

Vic
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News