Today I want to talk about how a VC thinks about equity pricing on your round — particularly if you're coming
off of a convertible note.
Not exact matches
Billy (Abby Ryder Fortson) in «Forever My Girl» certainly falls on the annoying end
of the spectrum; she is the wise - beyond - her - years 7 - year - old who spouts
off stats about the dangers
of riding in
convertibles and teaches herself to play the guitar without ever hitting a false
note.
I'm still hoping that the reason for the delay in liquidating the company is to avoid the
convertible note dilution; management first pays
off the
convertible note in June before announcing a sale
of the remaining assets.
The Company also recently completed a privately negotiated transaction with a holder
of the Company's 4 %
Convertible Subordinated
Notes due February 2011 (the «2011
Notes») in which the Company retired a total
of $ 4.8 million
of the 2011
Notes for an aggregate purchase price
of $ 3.8 million or a 21 % discount
off of face value.