I am surprised that not 1 holder took the bait. What about a scenario where the note holder decides to keep the notes because he plans on staying long the stock after he collects the 7% coupon until expiration and at the same time covers the short position now so that when it is not all said and done, instead of a wash for the holder aside from the coupon he actually gains on the increase of the SP with an SP cost basis of 1.84.
In fact, if I am MaloneCo and SIRI I tell them to keep tha damn notes but that they better cover their shorts because "we will continue to defend the SP through strategic buys" and "you peices os shit will never get the chance to cover under $3 again"
....... and finally, " I
on you 7% bond holding BITCH"............
EDIT: Now he is surely screwed on the short position at this time but it could get worse..........so, cut your loses you short peice of sh@#t.
EDIT: And finally, FK it and let them take those bonds to Exp. while inflciting as much pain to the upside for the short position as possible........DONKEYDONGSTYLE