RE:RE:RE:RE:we need a word from our CIO, coalmnrNot clear what you mean by "conversion price", do you mean if Marret were to convert the bonds into equity? The value of the bonds to be converted would be the total worth ot the bonds some 75million dollars but we don't know the conversion price unless Marret declares it. My take is Marret does not want to be in the coal business that is why they cancelled the first agreement. And that is why they extended the credit which is about $75million total. Now, if Cline finds a JV partner who could buy into the company, Marret could get their money and go. Else they may have to wait till the company goes into production.