question for the boardwhat was the reason the debentures where extended , was that to make sure the warrants could trade ? nice get , 1 share and 1 warrant for .45 with 10% . this move allows people to get .20 of the .45 back while mantaining the 10% interest paid in .45 shares (kinda like a warrant which could be sold into the market at market price and effectivly raising the 10% paid ) so you double the interest rate by paying .25 for the share that pay 10% of .45 cents..
the difference is this time the company will be on the hook for 10 % for years on the full 17 mil instead of people selling shares to pay for the debentures and holding the warrants reducing the debenture size.
a bit of rambling but WTF , makin money off of the share holders , Now I get it .....