RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:anaylst Sure the initial debentures can convert at that price, but you will get only 1 interest payment (march.9th/21)if that's the case. The accreted debs have to be held until 2025. So if you are OK with having your capital tied up in those debentures over 5 years, cool. They are non-convertible from the sedar documents I've read until that date. So to me it's a wash, if you convert your debs at the conversion price, you just kept up with the equity (maybe beat it by 5% over that period). If the company forces conversion, same deal. If I thought this company was going to float in a range for years, the debs would make a lot of sense to me. Time value of money has to be factored in. I can't see myself tying up cash in a unsecured debt instrument for a penny stock during a time when I think inflation and interest rates are bound to rise.
They were a home run pre amendment, not so sure now.