RE:CVRI've read it twice, BH, and you are correct, there is no disclosure of critical details. The only silver lining, if such it is, is that such a conversion would have to be at market price. Not a great advantage at current market price, but maybe still makes option 2 the choice.
Perhaps the dissidents can force a third option, but OT is correct also that the IFC's 12 per cent could be key in the Nov. 3 vote. I too wonder at their position in all this; perhaps they are stepping back. My understanding of the proxy materials is that not voting gets counted as a yes to option 1. So vote.
Very negligent of management at this point not to disclose fully. But still no excuse for all the crude (and counterproductive) invective and paranoia here. It is getting hard to have a grownup discourse on this board...again. I choose not to respond directly to such.