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Non-Tech : Kirk's Market Thoughts
COHR 159.34+18.3%Nov 6 3:59 PM EST
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To: Kirk © who wrote (26066)9/30/2025 11:12:49 AM
From: #Breeze1 Recommendation

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Kirk ©

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The prior common stock holders got a fraction of those new shares. The bond holders got the balance in exchange for retiring their bonds. The new market cap is relative to the par value of those bonds. And a 10% option pool to incentivize management. The prior bond holders now own the company.
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