GREY:SNIOF - Post by User
Post by
Polebrookon Oct 06, 2015 12:17pm
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Post# 24167666
Convertible debt
Convertible debtHedge, a convertible is normally available to a company with stronger cash flow. SIO's last quarter revenues were in the region of $100K so I don't see how they would service the interest on a convertible. For the note holder, there is also the issue of how to price the conversion price given the history of delays and non performance of 3DGo since 2013 which may continue to hamper the share price.