One thing is for sure, none of us know the agreed upon floor price for the $1.4 billion bond offering. Who's to say they wouldn't pay a premium to secure those shares?
Ok, I had a thought...
We're assuming the VWAP conversion and floor price will be low based on the current price action. What if the current price action is pure fugazi? What if this is truly the last stand to have retail capitulate before the REAL PRICE is finally revealed?
For example, you want early redemption? Ok $29/share while it's trading at $18 on the mock market.
We'll see what happens.
Edit: The downvotes in this sub now tells me exactly what I need to know. The weeds are sown among the wheat, hold strong my friends, these vipers are coming in hot lately.