RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Debentures or commons....johnale wrote: So if I get this straight -
36.5 mil will accrete at 11.06%/yr and one will get a seperate debenture to show this amount. (Non cash)
36.5mil will also pay 8% cash - semi annually. Starting sept 1.
the accreted portion will start being paid back in cash - but only after 3yrs from sept 1.
actually the accreted portion and the original $36.5m will be paid off in concert at 1% of the total amount ($500k/month or 1% as noted in the press release) for two years before the rest is due in 5 years, presuming they aren't converted to stock by then.