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www.StockMarketFunding.com NFLX Down $5 After Hours Netflix Selling $200 Million in Convertible Bonds to VC Firm. NFLX Stock breaks it's 52 week low in after hours trading. According to the "Wall Street Journal", Netflix said it is selling about $200 million in convertible bonds to Technology Crossover Ventures, a venture-capital firm that has made late-stage investors in big tech companies including Groupon. Investors are not taking it as a good sign that Netflix needs a $200 million infusion of cash, and issuing fresh stock in the process. Netflix's share price, which fell Monday during an ugly trading session, are down about 7.7% in after-hours trading. In a recent stock-research note, JP Morgan said it believed Netflix may need additional capital. The company ended the September quarter with $366 million in cash and short-term investments, and with $200 million in long-term debt. Netflix has been spending money to acquire digital-video rights for TV shows and movies. Meanwhile, Netflix has been spending money buying back its own stock, including $199.7 million worth of buybacks in the first nine months of 2011, at an average price of $222 a share. Netflix's stock price is about one-third of that level now. TCV won't earn any interest from its Netflix bonds, according to the regulatory filing. The VC firm will have the right to appoint a nominee to the Netflix board. (For now, TCV designated an existing Netflix director, Jay Hoag, as its board nominee.) According to a ...