RE:RE:RE:Inception Exploration and conversion at C$8.50 !!!The presentation has been updated but I don't see any debt reduction and don't remember the exact number of shares outstanding in the old presentation to see the difference.
As for the holder, whoever he is, they can always buy on the open market but the 50M is not earning any interest. Their option was to wait for a few years and convert at about $7.60 or convert now at a slightly higher price. Could be they are bullish on oil and gas and the company.