RE:RE:RE:Comments Regarding Aphria Sheds Staff Amid Strategic Shift I think everyone has it all wrong. These were CONVERTIBLE shares. The dilution was going to happen regardless as long as the SP went about 9.38 for a couple weeks.
what they did was ask the debt holders to take 25% off the value to get back 27.7% back in shares. essentially the debt holders get an extra return of 2.7% and automatically convert their debt into shares a $6.78 CAD (instead of the $9.38 they were suppose to convert at). the debt holders also get an extra 2.7% which = about $3.5M CAD that they probably would have could in interest payments in something like 8 months of interest. Aphria got to eliminate the risk of an on going Debt for 3.5M and clear up their book a little bit.
maybe someone can correct me