RE:RE:Debentures or commons....John in your example...2nd part....remaining 5840....how do you convert to 20480 shares ?? quote=johnale]
Mathematically - it's debentures.
5k in debentures at .31 gets you:
- 16000 debs
by sept 1
10160 debs will convert to 18656 fire (1/2 4mth hold)
5840 debs remain - can convert to 20480 (if you want) fire
total: 39136 shares fire
5k in fire at .19 nets: 26315 shares fire
To be honest - I've been cleaning up debs between 29-31.
not selling any fire - just averaging down my position.
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