Fortress Global Enterprises Inc - Class A FTPLF

Forest Products Lumber & Wood Production

Fortress Global Enterprises Inc produces paper pulp, security papers, and other security-related products. The company through its segments produces dissolving pulp which is primarily used for viscose/rayon manufacturers in Asia. Its business is spread across Asia where it generates most of its revenues, Europe, Canada, and International.

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Fortress Global Enterprises Inc - Class A > WRONG Contrarion..... I suspect Step 2 IS DILUTION

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Comment by HCI_STEELon Jun 18, 2019 10:32pm

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Post# 29838407

RE:RE:RE:RE:RE:RE:RE:WRONG Contrarion..... I suspect Step 2 IS DILUTION

Contrarian333 wrote: I imagine there would be a limit on the $$$ of converts that could be tendered for.

There is no limit on repaying the debs in SHARES. I've had it happen on a number of companies debs I have owned in the past, including most recently with TEI (toscana energy). It basically wiped out existing shareholders leaving them with about 5% of the shares post debenture redemption. The debs have to be repaid based on the 20d average share price ie 1000.00 face value deb would need say about 2500 shares at ~40c to repay them. So l'd get 45,000 shares for my 18k face debs.

I missed the date on the deb vs the iq loan repayment date. IQ starts Mar 31 2022. Originally the debs were being extended to Dec 2022, later revised to Dec 2021.

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