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Ivernia Inc IVWFF

Metals & Mining Industrial Metals & Minerals
"LeadFX Inc is a Canada based mining company. It is focused on the development of lead-silver projects. The company owns an interest in Paroo Station mine, a lead carbonate mine in Western Australia. Paroo Station mine is the company's principal asset and production stage mineral property. It produces one product, which is lead carbonate concentrate for sale to primary and secondary smelters located in China, Europe, and North America. In addition, the company through its subsidiaries also owns


OTCPK:IVWFF - Post by User

Ivernia Inc
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Comment by 99921on Dec 13, 2010 12:18pm
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Post# 17838406

RE: Why convert? Why now?

RE: Why convert? Why now?Serge:

I think you have answered your own question. The companies that have exchanged the debt for shares invest  in deliberate and unemotional ways for the most part. In this case they apparently see more potential to make a profit by owning the shares than by holding the debt. I wouldn't think they were concerned about IVW's ability to pay the debt back.

The big investors are in a position to influence the company's future through their voting strength so it would be fair to assume, I believe, that they are confident that the future for IVW shows promise and that the stock will appreciate in value. I am personally very pleased to see that we didn't experience a drop in the share price this morning. That indicates to me that smaller investors are not seeing negative implications in this exchange of debt for shares.
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Dealroom for high-potential pre-IPO opportunities