RE:VWAP $7.88 day 9scruffman wrote: One more to go
While I hope and think they will force the conversion, it does not happen automatically. The company has to initiate the conversion. I can envision several scenarios where management may not want to convert the debentures into shares. An example is if a portion of the debentures are held by a party who also owns a large number of shares. Management could opt to side with the needs of a long term strategic debentureholder over the desires of shareholders.
we will find out soon enough!