TSXV:EPO.H - Post by User
Comment by
srpaton Nov 21, 2013 6:53pm
243 Views
Post# 21929439
RE:Encanto Director converts EPO debenture @ .25!
RE:Encanto Director converts EPO debenture @ .25!
Interesting to note that Al Wazzan was receiving 5% interest on that 2.5 million. That means he was receiving $125,000 per year in interest. What would make him want to convert that into shares right now? I don't know about the rest of you, but for me to pass on $125,000 of interest payments, I would need a pretty good reason -- perhaps a reason that only somebody on the Board of Directors and part of the negotiating team would know. Interesting...
srpat