AVROs going for $2.80, which means breakeven of $10.80+ brokerage + holding costs, but post AVRO exercise would result in dilution and presumably the day after (just getting my head around it all).
So if the above is correct, would the company be better or worse off if come AVRO expiry date the AVR price is $7.99 and AVRO's are worthless?
(FYI I would prefer the $199+ per share price I read in an earlier post as I have held this thing for a decade so above query is by no means meant to "downramp")
"Toot Toot", page-108
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