RE:RE:RE:Convertible debentures will continue to hold this downYou are wrong. There isnt any convertible arbitrage as it only can be beneficial to commence a short when the stock price is above the conversion price ($2.45) which isnt the case. You cannot have convertible arbitrage BELOW the conversion price as that isn't possible.
I'm a debenture holder myself (in another stock) and as much as I enjoy collecting 10% interest over 2 to 3 years, I would much rather prefer gains in equity appreciation to my converted debentures today.
Now in Supreme's case, the debenture holders are only making 6% interest over 3 years. The forced conversion price of $3.45 (10 day average) represents a 40% gain over the conversion price of $2.45. Why would a debenture holder want to try and keep this down from the $3.45 conversion price? They would rather make 40% ROI in under 12 months than 19.1% (6% per annum compounded) over 3 years. There is absolutely no logic to your argument.
Simply put, this is just a poor performing stock and you know I've had no problem coming out and saying this out in the open as shareholder. Nav needs to go. No time for rookie CEOs here to practice on this company. There is ABSOLUTELY NO EXCUSE for the poor performance of this stock price considering all the great things this company is doing. The market just doesn't like the head of this company. Time for Nav to resign.