GREY:ALEAF - Post by User
Comment by
sincitywizardon Dec 18, 2020 3:08pm
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Post# 32141872
RE:RE:RE:RE:RE:RE:Convertible Debentures
RE:RE:RE:RE:RE:RE:Convertible DebenturesThanks for the quick repies guys.
Happy to read that there will not be further dilution assuming that Aleafia pays off the $25 million with cash on hand or a low interest loan from a bank.
I was concerned about a lower share price being one of the conditions that would adjust the conversion ratio for the debenture holders. I mistakenly figured that since debenture holders are lending the company money, and able to convert at a certain rate to shares, that since share price has gone down, that might have become a "condition" that changed the terms in the lenders favor. Thanks for setting me straight.
Much appreciated,
The Wiz