DebenturesIf TTZ gets above 61 cents and if debenture holders switch to shares then about 3.5 million shares will be handed out. After reading as much as I can on TTZ, then I see little risk below current share levels and a possible future possibility that TTZ will be pushed and pulled up to a higher level. A few bumps in the road could be that the debenture holders will want their money back or the conversion price will be ammended again and more dilution will take place. As TTZ doesn't have a great deal of shares outstanding then 3.5 million won't be such a huge impact. Anyway I finally pulled out the cheque book and averaged down during the last 3 periods, time will tell if this was a prudent or foolish move. One hope I have is that the company be a little more upfront with information and also this legal problem be settled quickly and is satisfactory to both parties.
Regards....... and have a great weekend.