RedBack Networks!?
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Não percebo muito bem se alguém me explicar melhor
As "obrigações" vao ser convertidas em acções.
Os obrigacionistas vão receber 95% das acções e os accionistas 5%.
Mas de que acções? das que estão agora a negociar ou das outras que vão entrar?
Os actuais accionistas têm direito a uns warrants dos quais não se sabe o preço do exercicio para eventualmente converterem em acções ?
É isto?
Obrigado a quem responder
Os obrigacionistas vão receber 95% das acções e os accionistas 5%.
Mas de que acções? das que estão agora a negociar ou das outras que vão entrar?
Os actuais accionistas têm direito a uns warrants dos quais não se sabe o preço do exercicio para eventualmente converterem em acções ?
É isto?
Obrigado a quem responder
- Mensagens: 150
- Registado: 7/4/2003 21:49
Cuidado...
Mete um stop apertado nisso....O minimo relativo encontra-se a 0,52 feito no dia 30/04/2003 e se fecha abaixo não sei não....
Se a RBAK não conseguir fazer passar a recapitalização que pretende poderá recorrer ao sempre odiável Chapter 11!!!
Dedo no gatilho!!
Abraço.
A_A
Se a RBAK não conseguir fazer passar a recapitalização que pretende poderá recorrer ao sempre odiável Chapter 11!!!

Dedo no gatilho!!
Abraço.
A_A
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Visitante
no suporte
Cai 39% e esta no suporte a 0.55, que trambolhão... acho que vou entrar a 0.55!
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starterout
RBAK
Apesar dos Boards na RBAK andarem muito excitados com a recapitalização , os accionistas não gostaram muito da ideia.... Entretanto , mais explicações pede ao companheiro fig que disse que isto iria voar...O pior é o Red Bull estava estragado e não deu asas....
SAN JOSE, Calif.--(BUSINESS WIRE)--July 7, 2003--Redback Networks
Inc. (Redback) (Nasdaq:RBAK), a leading provider of next-generation
broadband networking equipment, today announced that it has entered
into a lock-up agreement with holders of 67% of Redback's 5%
Convertible Subordinated Notes due 2007 ("Notes") relating to a
proposed recapitalization transaction involving a debt for equity
exchange. "We're very excited that this restructuring will
significantly improve Redback's balance sheet and cash flows,
therefore creating financial stability," said Kevin A. DeNuccio,
President and CEO of Redback Networks. "This new financial model will
increase our ability to innovate and grow."
As part of the recapitalization, the Notes will be exchanged for
common stock. If all of the Notes are exchanged, the noteholders will
receive approximately 95% of the issued and outstanding common stock
immediately following completion of the transaction and the existing
holders of common stock will initially retain approximately 5% of the
issued and outstanding common stock of the company. In addition,
Redback's existing common stockholders will receive the right to
increase their ownership by approximately an additional 10% of the
company's outstanding common stock through the issuance of two types
of seven-year warrants: one for up to approximately 5% of the issued
and outstanding common stock at an exercise price based on a company
enterprise value of $250 million and one for up to approximately an
additional 5% of the issued and outstanding common stock at an
exercise price based on a company enterprise value of $500 million.
During the past year, Redback has made significant progress toward
reducing operational costs, refocusing R&D efforts on next generation
broadband and IP network development, and putting a management team
and growth plan in place to execute on its long-term vision. "We
believe this transaction positions us to play a significant role in
the rapidly growing market for next-generation broadband networks,"
said DeNuccio.
Completion of the transaction is subject to completion of the note
exchange offer, which requires a minimum tender of 98% of the
outstanding principal amount of the Notes, approval of existing
stockholders, regulatory approval and other customary conditions.
Redback expects to register the exchange offer and make other required
filings with the Securities and Exchange Commission (SEC) in the next
few weeks.
An audio conference call open to analysts, media and the public
will be held on Monday, July 07th, 2003 at 7:00 a.m. PDT (10:00 a.m.
ET).
SAN JOSE, Calif.--(BUSINESS WIRE)--July 7, 2003--Redback Networks
Inc. (Redback) (Nasdaq:RBAK), a leading provider of next-generation
broadband networking equipment, today announced that it has entered
into a lock-up agreement with holders of 67% of Redback's 5%
Convertible Subordinated Notes due 2007 ("Notes") relating to a
proposed recapitalization transaction involving a debt for equity
exchange. "We're very excited that this restructuring will
significantly improve Redback's balance sheet and cash flows,
therefore creating financial stability," said Kevin A. DeNuccio,
President and CEO of Redback Networks. "This new financial model will
increase our ability to innovate and grow."
As part of the recapitalization, the Notes will be exchanged for
common stock. If all of the Notes are exchanged, the noteholders will
receive approximately 95% of the issued and outstanding common stock
immediately following completion of the transaction and the existing
holders of common stock will initially retain approximately 5% of the
issued and outstanding common stock of the company. In addition,
Redback's existing common stockholders will receive the right to
increase their ownership by approximately an additional 10% of the
company's outstanding common stock through the issuance of two types
of seven-year warrants: one for up to approximately 5% of the issued
and outstanding common stock at an exercise price based on a company
enterprise value of $250 million and one for up to approximately an
additional 5% of the issued and outstanding common stock at an
exercise price based on a company enterprise value of $500 million.
During the past year, Redback has made significant progress toward
reducing operational costs, refocusing R&D efforts on next generation
broadband and IP network development, and putting a management team
and growth plan in place to execute on its long-term vision. "We
believe this transaction positions us to play a significant role in
the rapidly growing market for next-generation broadband networks,"
said DeNuccio.
Completion of the transaction is subject to completion of the note
exchange offer, which requires a minimum tender of 98% of the
outstanding principal amount of the Notes, approval of existing
stockholders, regulatory approval and other customary conditions.
Redback expects to register the exchange offer and make other required
filings with the Securities and Exchange Commission (SEC) in the next
few weeks.
An audio conference call open to analysts, media and the public
will be held on Monday, July 07th, 2003 at 7:00 a.m. PDT (10:00 a.m.
ET).
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