RE:RE:Sproutly mentioned in other Co's reportSUMKNDV1DERFL wrote: Zookie wrote: https://finance.yahoo.com/news/quinsam-reports-q4-2019-results-130300066.html "Our strategy of investing to a material degree in convertible debentures is proving to be fortunate. The declines in value in our convertible debentures have been less severe than would have been the case had we invested in common shares. Also, we are beginning to see value enhancements through the announcement of conversion price adjustments.
For example, on April 24 Sproutly Canada Inc. announced that it was reducing the conversion price on our convertible debentures from $0.75 to $0.105. This creates the realistic potential for us to exit this investment with a gain through conversion, which had seemed quite unlikely prior to this news. As a result, we were able to exit a small portion of our investment at a premium earlier this week. We note our Sproutly convertible debenture was carried at a little less than 90% of face value as at December 31, 2019."
Great find Z. For me, this confirmed a few speculations. As someone said before, this was a necessary tug at the band aid. Despite how it may look, this was an unfortunately appropriate step in the proper direction. Some may feel the conversion was premature. However, timing is everything. Quinsam needed this almost or maybe even as much as $PR. This was a good shake of the blanket before take off.
You longs must be clearly blind, you see the bids vs sells.
Lol take off you clearly mean down she goes.
hahaha this turd will be 6 cents tomorrow.
Just a joke this company.
lol dam I’m having a decent laugh at this.