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Message: Jon Evans @ Benchmark Week 2021

Hello Crispix and welcome. I am in a different timezone, so my responses often lag.

I just posted this on TOB (The Other Board), in answer to your question re the Notes:

My view - the pricing has been settled, and the initial purchasers have used their respective balance sheets to acquire the Notes. They will want to move the Notes off their balance sheet as soon as possible. The initial purchasers are bankers/underwriters/financial advisers, not investors, and tying up their BS has risk, plus opportunity cost. The higher the SP, the easier it is to move the Notes off their BS. I can't seen any incentive for them to short the stock.

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