u/bossman-CT

Author argues GoPro's $50M Yorkville convertible debenture facility, with conversion price at the lower of $1.35 fixed or 98% of the lowest 5-day VWAP (floor $0.1736), gives the noteholder an incentive to convert and sell into strength since their cost basis floats down with the stock. He flags unusual short-availability data (shares-to-borrow swinging from 0 to 6M+) as worth watching alongside price action. The author is sarcastic about a 'guaranteed' $1.35 and predicts $3+ within 10 days, implying a squeeze setup. Main risk is the unpredictable timing of dilution versus a short squeeze.