RE:V debs are at 90-91One of the options listed in the news release is
"a reduction of the principal outstanding under the Senior Secured Convertible Debentures due 2020"
If they get a loan or cash infusion from another company to reduce DB.V, the most DB.V holders can get is $100 par because GCM can call back the debs at par with 30 to 60 day notice. To continue participating, the DB.V holder can convert but they won't get as many shares at current prices as DB.U or buying shares directly (because DB.V is currently trading at a premium to the other 2). It would be best for the company if the DB.V holders just let the company buy back the deb to minimize dilution, then use the cash to buy shares if they want to continue participating in the company.