RE:RE:RE:RE:RE:RE:we need a word from our CIO, coalmnrYou're right there is a conversion price, unlike the previous bonds, of 0.005 which means if Marret were to convert, Cline would have to issue 200 million shares at 0.005 =10million dollars the value of the new bonds. But this piece of info was not published from the start on Sedar; i was not aware that they posted it today. It certainly says a lot of what is going on behind the scenes and what tricks these guys use to "get things done". However, this deal is better than the original massive dilution and if Cline either goes into production, JV, or sale of the company or part of it, can pay Marret off and avoid conversion and hence dilution. It all depends on what the met coal market will do and what kind of solutions Haywood has in mind. The mere fact that Marret extended credit istead of forcing conversion of the older bonds into equity and become an owner is that Marret don't want to get into the met coal business. By extending credit, they must have a fairly good idea what Mark Haywood and his team have in mind. I presume that if they had nothing in mind like the previous idiots,Bates et al they would force liquidation of the company and come what it may. This is my assessment of the situation. So thanks for pointing that out to us that there was a conversion price. That info was not in the original NR.