GREY:AUAYF - Post by User
Comment by
pfaffgauon Apr 18, 2008 12:35pm
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Post# 14985372
RE: Term Sheet
RE: Term SheetIt would appear that the key to the entire deal (for present shareholders) will be the conversion price on the $220 million. If that were $1.50, then it would represent about 150 million eventual common shares. That more than double the present outstanding.........however, with the convertibles producing income, not all those shares will come to be tradable in the near term. I think this project is a go and should proceed on time.