WEQ Holdings Inc T.WEQ

RE:RE:The End if Coming. Hold On!

[red_baron]

Just quoting the CFO of WEQ

Regarding your questions:
 
1.       Per the June 30 news release, WesternOne will redeem the outstanding principal amount of the 8% Extendible Convertible Unsecured Subordinated Debentures (Series C Debentures) outstanding on August 5 with the issuance of common shares. The accrued interest of each debenture unit, being $7.67 per $1,000 principal amount, will be paid out in cash (not common shares)
2.       The $54 means the Series C Debentures are currently trading at 54% of the original issuance value of $1,000 per unit.
3.       As mentioned above, except for the accrued interest portion of $7.67 per $1,000 principal amount which will be paid in cash, upon redemption the holders of the debentures will receive the principal amount in form of freely tradeable common shares, not cash. If the debentures were sold at the closing price in the market today, the holder would receive $540 (being 54% of the $1,000 debenture principal amount).
 
I hope this helps answer your questions. Please feel free to call me if you have any other questions.
 
Carlos