Susquehanna haven't participated in this scheme for a measly 10%. The SP will continue to be spanked because they know full well IMU are not in a position to exchange these notes for cash.
The conversion price will never be higher than whatever it is at the end of June. The SP would need to rally ~57% from here just to maintain the current conversion price.
IMU Price at posting:
3.4¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)