RE:RE:RE:RE:RE:RE:RE:TGIFI agree that it is in everybodies' interest to get a deal done, but the deal being offered is too overweighted in company's favour, while what I and others have suggested comes halfway back to a "best deal" in debenture holders' interests at no added current costs to the company, though some further, fairly minor, dilution costs to shareholders.
But keep in mind that Debenture holders have forgone interest for a number of years totally something on the order of $1.2 million for the $4 million outstanding debentures as well as not receiving capital originally due a year ago.
Even then , this Debenture holder is prepared to accept share
conversion at 5 cents per share which is 100 % over current share price, which I believe is a wider spread ( less advantageous ) than when originally underwritten.
No, I disagree with you, Mako2022. This deal is not at all acceptable
and should be turned down by Debenture holders. In any case, its rejection would not have any more deleterious effect on current operations than would the acceptance of somewhat more market
orientated terms.
Not being "greedy', just want fair and reasonable treatment.