Thanks Maersk - quinlash posts that it’s a trivial matter, swapping debt for shares?
It shows a lack of some basic fundamentals - and can mislead unsophisticated investors into making poor investment decisions - like quinlashes historical record of fails with Newstrike, Hexo, Zenabis and now Tilray?
Red flag when debt is 'swapped for shares' - financing coming.
Comment by
Maerskon May 15, 2024 7:36am ![](https://assets.stockhouse.com/kentico-cms/0334-00/images/Sprite.svg#id_Post_Views_Icon)
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Post# 36040545
RE:RE:RE:What’s another 13 million shares here or there
"They swapped debt for shares, it's literally stated in the filing."
When a convertible note is exchanged for equity at the contracted conversion rate, which in this case is $9.38, it is a debt for equity swap. When the conversion rate is 25% below the current market price it is literally theft.