To be fair, holders cannot include the dilution of the spp in calculations as this opportunity to maintain exposure is open to them. If they choose not to participate or are unable to, then yes the dilution effects them, however that is not the companies fault. Also many consider options as non dilutive until they are converted, so technically speaking the ~6% can be considered accurate until 2026. Will it really matter then? I surely hope not.Dont take these comments as pro CR though.
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