GREY:WONEF - Post by User
Comment by
MRCIQuebecon Jul 14, 2016 10:03am
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Post# 25051834
RE:Calculation of conversion
RE:Calculation of conversionI think your calculations are good except for part 2: I understand that the interest part of 1007.67 will be paid in cash. I obtain 6137 shares/ 1000$ face value deb C... suggesting 435 millions shares.
Also, I calculate that 5% of remaining deb C have changed ownership since the announcement (volume since july 4th: 3414k$ of face value).
Today, a another company on this sector (Northern Frontier, FFF) indicate that are in serious trouble. The WEQ situation should be carefully monitored.