Accrued Interest on YLO.DB.A As a holder of the convertible debentures, one of the disturbing points of the proposed restructuring was the announcement that no interest would be paid on this debt.
When I bought some YLO.DB.A subsequent to the last interest payment date, I paid the seller accrued interest. Shouldn't I now get my interest back?
It seems like a retroactive action to now declare that interest will not be paid. Not paying from the date of this news release is one thing but declaring no interest back to April 1st is quite another. Keep in mind that the value of the debenture was at one time about the same as one year's interest.