RE:RE:Back up the truck Yep . the debenture you refer to is convertible at 23.25 per consolidated share. At this point that seems unlikely to happen. The options available to the company assuming they are not converted are: 1. pay out the bonds with cash or 2. repay the bonds in shares at their option based on a 30 day average trading price prior to maturity . Option 2 is rarely used but gives the company an option if there are only unpalpable alternatives .