RE:Great News Debenture!!!I am not quite sure that you got all the technicalities behind the debenture correct. But it really doesn't matter given the potential we expect.
kokomak wrote: Shareholders,
First off, a convertible debenture is a type of long-term debt issued by a company that can be converted into shares of equity stock after a specified period. KNR basically told the debtors that, we're willing to increase the size of the loan and pay you a little later, instead of giving you shares right now. And the debtors accepted! What does that mean? Either the company expects to make a lot of money soon (orders), or expects their share price to rise substantially between now and December 15, meaning that they'll give less shares to redeem their debt than they would today. Even better, is the fact that the debtors agreed to this, which means they believe that's a plausible scenario. This is a great sign. Not sure if all retail investors will understand this, and whether it'll be reflected on the stock today, but if you're a long, you should be very happy with this decision
Kokomak