RE:wow this is sad I recall that the debenture indenture allows the payment of newly-issued common stock to debenture holders in lieu of cash interest. Can anyone confirm whether this option is still in place?
This would seem like a good alternative to default if funds are scarce at the end of March. Number of shares to be issued would be based on recent trading price of stock, not the $2.15 conversion price lol. This would constitute a withering dilution to Exall stockholders.