RE: RE: RE: RE: Xventure Poster Winter Sun Convertible means that when the note is due, the holder of the note has the right to ask for his principal back, if the money is even in the possesion of the debtor, or take a specified amount of equity in lieu of the return of principal. With a diluter like GRO, i dont know how even the convertible contract could be written to protect the bondholder. For example if it was convertible in shares, the diluted shares might not be worth much when the bond became due. :)
That is the way I learned it. Perhaps in your country its a little different.
Canada Moose