OTCPK:ARNBF - Post by User
Post by
carlos6on Aug 08, 2013 2:25pm
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Post# 21657285
re: should get it done
re: should get it doneon one point you may get your wish regarding the debs.
As of Feb/2014 the company has the right to redeem the 6.25% debs & satisfy the interest obligations by issuing shares. Now there are some rules about the price being within 125% of the conversion price which it isn't , but my broker says there is a growing precedent of forced redemtions by corp.; so don't be surprised if you are diluted out of existence come Feb./2014.
carlos