Strange... Why offer up a $6m loan @7% interest if you intend to partially convert on consecutive days minimizing the return on investment by the lender. Why not convert the oppies @ 0.065 instead? Why pay 0.065 when they could have bought at market @0.045ish? More to come I suspect, explains the propping up of the sp over the past few weeks imo. Interesting to see how this unfolds.
Ann: Application for quotation of securities - EQR, page-2
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