| |
HHH:
Don't get me wrong, I am way long this stock, but I just don't understand the part of your post where you say 300k rev. negates dilution. That seems unlikely, if not impossible - please post your spreadsheet calculations, if possible.
OF COURSE the financing that was done was done to avoid debt, THAT'S WHY IT'S STRUCTURED IN THIS "DEQUITY" MANNER. No debt, unless the company elects such upon conversion, to my understanding. That doesn't mean that this deal was done under the most favorable terms to the company, hence current shareholders. And, your contention that this was capital at a low cost, well, the dilution (and cost) to current shareholders became greater as the share price dropped in this five day period. FWIW, we were told (by IR) that the conversion floor is between 3.25 and 3.50. That being said, the reset period having passed is a positive for the stock IMHO.
I am very excited about ICOM's products and their prospects - DSP, Sonetlynx, videoconferencing among them. If you want to make comments such as "Watch this one soar in a few months", you might want to choose the message board on Yahoo. |
|
