RE:RE:RE:RE:RE:Debentures or commons.... Method -
Obviously there is a discount on the debenture - as you said because of the short borrow.
after the shares are distributed - and debs are left with 36.5mil which can be converted to 28.5 fire -
if fire trades at .20 - debs should trade around 70. (As you alluded to as well)
there shouldn't be that huge discount because you could
just instantly convert to fire shares and make up that difference.