RE:RE:RE:RE:RE:RE:Why debt not an issue If I was LIUNA my next financing (if necessary) would be a rights issue deep in the hole. It's the best way to protect their equity position and preserve value since presumably they still see some since they invested less than a year ago at $1.08.
All the back and forth between equity bulls and bears points to the converts as the beneficiary of any equity raise and if they don't need to raise equity then the converts give over 50% return per year for two years. It's just a much safer vehicle than the equity if one is willing to sacrifice liquidity.