TSX:LSG.DB - Post by User
Comment by
bigdaddycashon Nov 14, 2014 5:46pm
526 Views
Post# 23131347
RE:RE:Well ya gotta like this one...
RE:RE:Well ya gotta like this one...correct, provided share price is below $1.40 CAD otherwise debenture holders will convert. also, LSG cannnot redeem prior to maturity unless the following covenant is honored:
"On and after September 30, 2015 and prior to maturity, the Debentures may be redeemed in whole or in part from time to time at the Company's option, at a price equal to their principal amount plus accrued and unpaid interest, provided that the volume weighted average trading price of the common shares on the TSX for the 20 consecutive trading days preceding the date on which the notice of redemption is given is not less than 130% of the conversion price."
so dilition may still occur...