4 ms·
It looks like Microstrategy's gets to decide whether to convert or to pay back in stock though - it seems like they would only chose to convert if the stock pri
by xur17 6y ago
It looks like Microstrategy's gets to decide whether to convert or to pay back in stock though - it seems like they would only chose to convert if the stock price was below their conversion rate, in which case the purchaser would lose?
- vmception 6y agoNice one, nice catch! I haven't read the covenants of the bond. Just getting a trickle of information from various articles. Credit markets are more fascinating than people think, especially on leverage.