RE: RE: RE: RE: RE: RE: RE: RE: RE: Bradford, Divi
Bradford, I'm not sure what perception you refer to which has to change. With all the talk about conversion of the preferred shares to common shares you have to factor in dilution. With the talk about the conversion on the debentures into common shares at some point down the line, it's more dilution. Do you have any idea of how many common shares would be issued at the current share price to satisfy that conversion?
It's not the perception which has to change. What has to change is the method of handling at least the convertible debentures. An undertaking by the company to not opt to convert the debentures to common shares at their option would be a good first step to restoring some confidence.
The company clearly has value. The question is who will own the company.