TSX:LSG.DB - Post by User
Comment by
bigdaddycashon Sep 04, 2015 11:12am
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Post# 24078884
RE:RE:RE:Debs & Low SP
RE:RE:RE:Debs & Low SPoffering a single holder would be a securities violation - if they want to purchase back debentures they need to do it on the open market via a normal course issuer bid (formal notification). Not saying that they could not do it through a shadow entity but it would be a security violation still and LSG would never do this. there are reasons why they have the 130% clause - why would LSG continue to pay interest on the debentures if they was a very high probability the holder would convert? this is why they have the clause - so that deb holders do not simply wait until the maturity date to convert and have the benefit of the interest payment too. gltals....