TSX:LSG.DB - Post by User
Comment by
basemetalon Nov 30, 2012 5:43pm
334 Views
Post# 20669123
RE: Basemetal - answer
RE: Basemetal - answer "....for the company to exercise their conversion option....."
It is the convertible holder that has a conversion option, not "the company". The company has the right to REDEEM subject to the limitations you listed.
But thanks for your reply which I will study more carefully. Am I right in thinking you have agreed that the convertiblle debt might be considered a part of equity ?