RE:RE:RE:RE:RE:RE:NOTES....Method wrote: They could redeem all of the old debentures at any time with no premium so it’s a bit of improvement for the note holders with the new terms.
I bought back into GCM this month after selling at a slightly loss below $1.50. Made some decent /comparable return on another stock anyway. Anyway, I believe all of you when you say even at $3, this is still way undervalued.
For the 2018 debentures, is the conversion fixed at USD $1.95/share? Because the August maturity is getting close, I guess most debenture holders who are not thinking of selling common shares at the current price level (and think the stock will not go below USD $1.95) will just hold on until maturity since the conversion ratio is fixed anyway?