OTCPK:ARNBF - Post by User
Comment by
rad10on Jul 26, 2014 12:36pm
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Post# 22784540
RE:RE:RE:RE:RE:RE:teevee, debenture redemption
RE:RE:RE:RE:RE:RE:teevee, debenture redemptionguys - there are other options at maturity. With a 2/3 majority vote the debenture terms can be amended.
Typically an increase in the interest rate, a consent fee, and / or a reduction in the conversion price are offered in exchange for lengthening the term of the loan.
Bondholders will often accept a combination of the above - because the alternative is worthless diluted penny stock. 28th of February 2016 - is not the doomsday scenario that seems to cause so much concern.