RE:RE:RE:RE:buying back debt in September but small amountKidlapik wrote:
89-million new shares created in the month of August alone...nuff said.
nuff said maybe, but I'm not sure what your point is......
Every $1 million worth of debentures that is converted adds 7,692,308 new shares to the float.
Although the debs are being bought back, too many debs were issued to buy them all back out of surplus profits in a timely fashion. So the fact that a not insignificant value of debs has been converted may be a good thing, despite the dilution.
More dilution for less debt may a beneficial trade-off with so many debentures outstanding. I see it as a positive that
both conversions and buy backs have been reducing the number of debentures outstanding.
-GLTA