RE: RE: RE: RE: RE: New management One thing that I did forget to mention,
If I'm not mistaken, the debenture holders do not have a choice regarding the conversion or payout.. It's an either or thing at FIU's discretion. So FIU would be able to say, Debenture guys, this is the deal.. you extend us at whatever interest rate, or we convert you to shares..... I firmly believe that the debenture holders will extend, simply because they will not want the shares at a rediculouly diluted price....
So it would be in their interest to take the interest money and hope the company improves down the road to pay them off.....
Read the agreement for these debentures it's at FIU discretion as to how they are settled.