RE:RE:Announcement25% converted... interesting. 65 million still outstanding. Perhaps mgmt is unsatisfied with this. The more pref A's are converted, the less debt there is to service as the business ramps up and deleverages. Despite the risk, the pref A's stand to gain more in the long run should they convert now.
More time for Pref. A's to convert = more time for us to accumulate.