csm announced a $70 m convertible notes issue paying...

csm announced a $70 m convertible notes issue paying 6.5%
investors who take part will pay 2.6473 and they can convert to ordinary shares after 41 days after June 29, 2011......in five years time.

If they convert there is a potential for 26,442,035 shares to hit the market and dilute shareholders stakes in the business 10.8%

Since then the price has dropped .08

Do you think this might be an overreaction to the announcement.

The way I see it the share price would have to exceed $2.6473 in five years time.

I am just wondering if that will be issue for many us as a lot of us will be dead by then won't we?