This was posted in another WSB Post (not by me). Good you got out when you did, assuming it's true: Look, I love a good pump as much as the next guy... But by doing some basic ass DD, I found some interesting things in the [Opendoor 8K](https://www.sec.gov/Archives/edgar/data/1801169/000114036125019770/ef20049190_8k.htm) from Spring, that could severely disrupt this little meme stock gravy train for everybody. Rewind to last May... Opendoor basically took a small portion ($245m) of their debt @ 0.25%, due 2026, and converted it to 7%, while adding another $75m of new debt at the same rate, all due 2030. That's what every healthy company does, right? RIGHT?! I digress... So now we go check out [Exhibit 4.1](https://www.sec.gov/Archives/edgar/data/1801169/000114036125019770/ef20049190_ex4-1.htm) in of the 8-K. To summarize: Within this note issuance, there is an option for shareholders to convert their debt to shares (637 shares / $1000 debt... so $1.57 share price). This was an 80% premium at the time of the issuance (82c/sh). BUT... if they were to convert and sell at $10 (current price, more or less), then that is a 1,220% premium on share price (compared to issuance) just a few months later. Or at the basic debt:share sale ratio @ $10, it would be 6.37x. The condition of this debt to share conversion is that the stock price must be 130% above the conversion price for at least 20 days (non consecutive) of the 30 consecutive trading days ending each quarter, STARTING with Sept 30, 2025. So if the price is above $2.04 for any 20 trading days between August 19th and Sept 30th, bond holders can immediately convert shares starting 10/1. (This condition has been met as of Tuesday.) According to my math, that's 204,574,416 shares immediately convertible to shares. With this dilution, their 7% 2030 debt is gone (300m of their roughly 2.18bil total) and they now have 28% more outstanding shares out. So the question is... it would be kind of crazy for a company to choose 7% over 5 years rather than 1220% over 5 months, right? What % of debt holders will convert these notes Oct 1? What effect will the immediate dilution have on (a) share price and (b) short float? Obviously, Opendoor managment knows this. Will they register for their own offering and add dilution before 10/1, as a race against their debt holders diluting their stock before they can add more to the coffers? We'll find out in the next 2 weeks! And yes, I'm regarded and jumped in front of a moving freight train with a position - 100x 10/17 $6p

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it's a b-book, they bet against you

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Nah lil b

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Thinking about getting a j*b

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I lost about $400 b/w my stonks and a couple calls lol

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A) usd value dropping. B) inflation rising. C) cash to equities to counter points A and B. D) fraudulent with no sec enforcement. E) all of the above.

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**Everybody is welcome in the Saylor casino** $B🎰

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Investing 5 b into intc for a collab that may or may not pan out apparently offsets China ban. Nvda can invest in many companies, each time boosting its stock and the other companies many times more than the investment amount. Another Infinite money glitch found.

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Well if I would’ve won she would b pegging me but a loss is a loss 👍🏻

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He gon b up 200 % 🈯️💹

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