Jun. 26 at 2:40 PM
$DDD It is interesting that DDD traded above 2.91 for the required minimum of 20 of the past 30 days and dropped as low as 2.88 yesterday and today. I suspect this may become a pattern .
"The Notes are redeemable, in whole or in part, for cash at the Company’s option at any time, and from time to time, on or after June 20, 2028 and before the 41st scheduled trading day immediately preceding the maturity date...” That dos not prevent a renegotiated amendment as was done previously. I still believe the Notes will not be outstanding until 2028 or 2030.
Keep in mind the
$5 target by cantor who issued the Notes to their clients that becomes a sweet spot for holders as they get additional shares via the MAKE WHOLE PROVISION , an incentive to amend and convert, also DDD has yet to register those shares which means they cannot trade in public market, All parties have an incentive to eliminate the Notes /DEBT
sec.gov
. " 2.91
