SurprisedIt is really surprising to me that the investment market hasn't jumped on Eguana shares given the reality this part of their March 24 NR represents.
“One of our core objectives this fiscal was to strengthen our balance sheet and working capital position,” commented Eguana CFO Sonja Kuehnle.
“Eliminating the remaining $1.9 million of debt associated with our 2019 debentures has put the Company in a stronger financial position, with the expectation of converting all remaining debentures in April, as we work toward a debt free balance sheet.”
Pursuant to the terms of the Debentures, the Holders had a prior option to convert remaining interest due into common shares in the capital of the Company (“Common Shares”).
Larger investors recognized the positive direction the company is going and exercised their conversion option .
Seems to me, they and retail shareholders are tied onto an excellent future.