shareholder meeting, page-10

re: question
The share price should relate to the value of the company. The conversion of the notes to shares effectively transfers $250M of debt (in the form of the notes) to equity. Getting rid of the $250M debt (and associated $18M p/yr interest payments) will increase the overall "worth" of the company. It also makes the Balance Sheet of the company far more appealing to investors and customers. These factors should keep the shareprice up, though I think intially they may drop.
The restructure also includes a consolidation of shares by a factor of 10. Thus the 3 Billion shares on issue will be reduced down to 300 Million.