RE: Debenture holders better off if shares vote No You are so wrong........................
you wrote:
1) "If shareholders vote down the deals, the deals won't break. They will just have a new vote after the debenture matures.
Wrong, the debentures will be absorbed into shares, then they will be part of the shareholder group and will receive the same as the shareholders would per share.....
2) "Once the deals close (and they will), there will be $211mm to be paid to the 1,365mm shares once the noteholders get paid off in full. "
Wrong again, The number of shares the debentures will have will be dependant on the agreed at price per share after the period is over. The debenture holders will be sharing their portion with the rest of the shareholders, AND absorbing the portion that is in escrow.