Zargon Oil & Gas Ltd ZARFF

Debenture conversion

[helgek]

It has to be unlikely that any debentureholders will convert at a shareprice of $0.10, when the actual share price is $0.04. I know I won't.

[hawkowl1]

So let Zargon issue how many shares to convert debs with equity at 4 cents.Do the math. Then shares fall to one cent and you will be  beahatching  about how unfair to debenture holders. A lot of new people on this board..What a coincidence..lol

[rad10]

No hawkoil - just pay the interest in common shares at 95% and then we will see where we are at closer to December 2019.  Why are you in a rush to own equity in this company?

[funfacts2018]

First, not necessarily coincidence.  Can't speak for others, but when the voting forms and information circular arrived, I went looking for what other people were thinking.  Some of the comments here made sense to me, others did not.  I'm not surprised at all that others are also looking and perhaps confused. Management has a egal duty to look after shareholder interests.