RE:RE:RE:new convert They lost credibility with the NCIB on the conference call when they admitted they probably wouldn't be doing anything.
The market doesn't like the Convertible issuance but I actually applaud them for getting this done. I don't think the terms are overly draconian considering the situation of the Company. It's good to get this off their back so that they can focus on other activities that drive value.
My hope is that the darkest days are over for TWM as they move through the turnaround.