Fortress Global Enterprises Inc - Class A FTPLF

RE:RE:RE:RE:RE:155 million shares would roughly need to be issued to repay

[HCI_STEEL]

From original prospectus”

Payment upon Redemption or Maturity:

by 95% of the volume weighted average trading price of the Common Shares on the TSX for the 20 consecutive trading days ending on the fifth trading day preceding the date fixed for redemption or the Maturity Date, as the case may be. Any accrued and unpaid interest thereon will be paid in cash. See "Details of the Offering – Payment upon Redemption or Maturity".”

Those are the usual terms I’ve seen for debs for years. 

Note the interest Is supposed to be paid in cash but lve had them have to go back to deb holders to give them authorization to even pay the interest in shares ...toscana energy for example couldn’t even come up with the interest. Alternative was bankruptcy.

another unusual case was twin butte energy debs where the idiot  mgmt though it was fair to give shareholders a cut BEFORE making deb holders whole (full value). After organizing and rejecting that eventually we did well. 

Note these “fairness opinions THEY pay for said that was a fair deal....it wasn’t and we voted it down..calling their bluff that we might get nothing. Sometimes ppl vote with their hearts versus heads and l too was prepared to get nothing (bankruptcy) over the precedent it would have set that debs are ABOVE shares in a case like this. Just as the banks are ahead of the debs