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Technology Stocks : Wolf speed
WOLF 6.180-1.6%Jan 22 3:59 PM EST
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To: Lou Weed who wrote (10653)8/30/2024 6:27:52 PM
From: teevee  Read Replies (2) of 10665
 
looked again at 2022 notes. Interest rate is low, and coversion is capped between about $118 and $220/share, so I expect note holders have very large short positions as the notes are "insurance" if the short went against them.

As for the 2023 loan at 9.975% interest, I can't find any covenants that might trigger default and a push into Chapter 11 or worse.

It appears that as long as WOLF can pay interest, creditors can't take action.
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