That makes very little sense. You'd buy them for $8k to throw...

That makes very little sense. You'd buy them for $8k to throw away $8 because you can buy them again at $25k when they're worth a lot less presumably because results are bad? Oppies aren't much leverage at the moment, because with 3 months left, you'd almost assume you have to convert them anyway.... which will cost you the $38k total regardless. Or if you don't have the $30k you need to convert them, you'll need to dump them to someone who does. They'll trade less and less and with negative discount the closer we get to Sep.

You're really gambling on the timing of a move if you buy them now.