@SenAdamSchiff Says the guy who has taken $6,234,034 from pro Israel lobbies and is complicit in the slaughter and starvation of children. Well done Adam, you’re a real hero.
$CLSK just came out with an illustrative visual of their $650M 0% coupon convertible notes
Here are the key points and what it means for shareholders 👇:
Deal Size: $650M offering at 0%
Conversion Premium: 20.0%, leading to a conversion price of $14.80/share (based on $CLSK 12/12 closing price)
Capped Call Overlay: Fully offsets dilution up to 100% above the issue price ($24.66/share).
Share Repurchase: $145M was spent to buy back 11.76M shares at $12.33/share - NICE!!
Provisional Call Feature: $CLSK can call the convertibles after 3.5 years IF the stock price exceeds 130% of the conversion price - $19.23/share
Unless you're familiar with these types of deals the graph below is hard to follow. I'll break it down, by price, on the x-axis, and what this means for shareholders
@ $12.33 - outstanding shares decline by -11.76M via the recent share buyback which offsets the offering
@ $14.80 - Convertibles convert into equity but dilution still remains fully offset
@ $19.23 - $CLSK can call the convertible notes to cap dilution as its +130% of the call trigger, BUT no net shares can be issued yet
@ $24.66 - At this price the capped call protection expires and net dilution can begin but share repurchase limits any impact
Up to this point dilution is fully neutralized by the capped call overlay and share buyback
Between $24.66 - $33.67 modest dilution CAN occur but net shares issued remain below the 11.76m shares repurchased
@ $30 - Dilution increases as the capped call no longer offsets the higher share price
@ $33.67 - break-even point where dilution is fully offset by the 11.67m share repurchase, hence the 0 on the chart. No net new shares issued to this point
@ $35-37 - Net new shares are issue up to 1% of total outstanding
Whats all this mean?
$CLSK shareholders remain fully protected up to $24.66/share with 0 dilution
Between $24.67 - $33.67 - partial dilution can occur but it will be neutralized by its share buybacks
At $37+ even if $CLSK wanted to dilute it will be constrained to just 1% of total shares outstanding
Amazing work @CleanSpark_Inc team!
@Charge_Stack@Micro2Macr0@theBTCMiningGuy @MirageMogul @mikealfred@smatthewschultz@Freedom_By_40
@davidsirota I think the point is, David, that the Democrats started selling out, in earnest in 92 and at this point are 100% corrupt. They are a worthless, war mongering party that will happily start WW3 for a few extra bucks from the MIC and any industry that’s willing to write a 10k check.
@investanswers The US government is an absolute shit show. Terrifying really. $36Trillion in debt and out of control grift, an aggressive war monger. Not a good combination. #BTC
After a thrilling and memorable festival run, our short film "Written for Walken" is now available and free to view on @X
Love, thanks and gratitude to everyone who helped bring this story to life.
https://t.co/Qg4n9SgEyJ
@JoeTaylor7777@GardenStateFilm@SohoFilmFest
#shortfilm #comedy #cinema #filmmaking #walken #FilmTwitter
Good morning all, if you’d like to take a minute to call @Potus and ask him to stop bombing people and stop trying to start #WW3 the number is (202) 456-1111 thanks and #Godspeed#CodePink#STOPWAR