RE:RE:RE:RE:RE:GXI.DB, 7%, 31 Dec.19, conv. at $1.35 at bargin price!This was useful as an explanation: https://www.investinganswers.com/financial-dictionary/bonds/debentures-1047
This was probably done to get funds and avoid further dilution of the stock, I imagine. Although the net effect is going to be negative for shareholders as they finance the interest payments for many years on these funds 'borrowed', and for no return. Looks like shareholders are done over.
Again, I probably don't fully understand the machinations of the processes in play here.