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Ravenquest Biomed Inc RVVQF

Healthcare Industrials Drug Manufacturers - Specialty & Generic Cannabis
Ravenquest BioMed Inc is a Canada-based diversified cannabis company with divisions focused upon cannabis production, management services and consulting and specialized research and development. It provides integrated solutions to companies in the cannabis industry and provides growing and drying technologies, patient and genetic management systems, and security management solutions The company operates through the following segments - Consulting business and Cultivation and Sale of Medical Cannabis.


GREY:RVVQF - Post by User

Ravenquest Biomed Inc > Debentures
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Comment by vision2050on Jan 23, 2020 6:27pm
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Post# 30591378

RE:RE:RE:Debentures

RE:RE:RE:DebenturesI asked this on the ceo board and did not get a response.  What happens if we dont have the entire principal on the due date? The debenture is unsecured, other than convertable to stock at $1.45/share (Ha!)

I see two options:

a) MMCAP convert the debt to equity at $1.45/share.  Dilutes the stock a little bit but not as bad as the digigrow deal.  Unlikely IMO as it'd be a shite deal for them.  RQB gets out of $14m debt for the cost of <10m shares.
b) MMCAP refinances/extends the debenture.   RQB keeps paying interest on the principal until they can pay it off.

Anyone framiliar with the typical wording of these convertable debenture deals?  What other options (if any) do MMCAP have to force RQB's hand to pay up? 


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