They just said that Mel reconverted the old Dec. converts 173 million worth.
They just said that Mel reconverted the old Dec. converts 173 million worth.
you got to hand it to Mel. I had my doubts, but in the end he always prevails. This weekend should be interesting - hopefully we get a deal with Malone or even Ergen it sounds like.
Oh, so no new shares.
I'm not thinking straight lately from all this.
So it's not too bad then and more positive than I thought. Then they have more shares still left to negotiate with other more short-term debt.
Yeah my guess is a large chunk of the remaining authorized shares will be going to dish/echostar to take out the feb debt. Last nights unconfirmed reports say remaining discussions are about finalizing non-financial terms - probably board seats and such.
We get diluted, but frankly far worse than 100% dilution is already priced in.
I think we are still ok even if you fully dilute . . just run the $300mm PFCF projected for next year divided by full dilution and slap a 1 times next years growth multiple on it . . . it really ain't that bad considering where we been.
plus room for more synergies if we extend but /reworkdefer some of the bad talent contracts . . .