RE:RE:RE:Convertible Debenture PP--SP ImplicationForced conversion to shares allows them to stop the burn at 10% interest. That improves the bottom line. But increases the float slightly which in theory would reduce SP a bit....but fundamentals are clearly not determining SP these days.
JLUTZ1 wrote: sailor319 wrote: dumb questions:
- what does "T/C"s mean? - terms and conditions
- what does PP mean (I see it all over the place) - private placement aka shares not bought on the public exchange. typically at a lower price than current SP
- what does converting the debentures to $2.00 do? bring price down temporarily? - most likely, but who knows