$GME Initial conversion rate:
33.4970 shares per $1,000 of notes:
That equals a conversion price of $29.85/share ✔️
VWAP = $21.71
Add 37.5% = $29.85 : That becomes the conversion price
Each $1,000 bond gets 33.4970 shares
This is exactly what happened today:
Funds dumped the stock or shorted heavily from 1 to 4 PM to drive VWAP down.
If President Xi would meet directly and personally with the protesters, there would be a happy and enlightened ending to the Hong Kong problem. I have no doubt!