Conversion costsI 've been reading this board for quite a while now and I'm wondering why no one has provided this explantion / questions about the conversion costs yet.
First off, I agree with all that 30M$ to convert is very expensive. My reading of the situation is that with 300+ «corporate actions», YLO needed a lot more paperwork to convert. I think that the process had to be done all over for every company within the company. Now, looking at this way, doesn't make it less expensive but a little bit more understandable. Can this be a reasonable explanation ?
To me, the real questions are:
Why does YLO maintain such a complex structure ? Once the conversion costs behind them, what are the advantages or future hidden costs with this complex structure ?
Why didn't Tellier provide a bit more explanationson these costs ?
I keep being positive on the company, I doubled my position lately. Even if it makes a stint below 5$, it should rebound nicely as it did everytime the stock went down in the last couple of years. This has not been a money drain to me but certainly not my best investment. Now let's hope YLO gets back above 6$, sell half the position and enjoy the income on the lower average cost shares left in hand.
glta, gpqithsp