GREY:ADEXF - Post by User
Post by
behrhunteron Mar 19, 2012 9:43am
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Post# 19688787
maturity date
maturity date Unless I am very incorrect, the conversion to shares is an option. They could, in fact demand payment in cash on June 1, and if AXI fails to deal with it, they would be entitled to realize on the assets of the company.
While the convertability has been surmised by many to mean an automatic conversion to stock, I have to ask how many know the actual payout terms of the debenture.
just saying, is all