sgupta0827

It seems like we have:
+116,667 common shares (7/12th of the year for all convertible bonds exercised  It’s June, not July…)
+100,000 common shares (if all warrants exercised)
125,000 common shares (the funds from the warrants are used to buy back common*)
Yielding +91,667…
So maybe it’s one of those “closest to…” questions? Or have I made a mistake?
*I have handwritten into my book that the notional warrant buyback happens at the “Average price”, so total notional buyback would be (25*100,000)/20.