RE:RE:wow wow wow
Your debenture Holding units owned X .80 = xshares received
I feel a little deceived thought I was locked in until dec 22
so will lose the 8% return for the next 2 years
But a premium on shares if above 1.25 at time of convertion
interesting the money to back the convert is all insiders
brilliant move as a company almost all will convert if SP above 1.25
and In a month they can remove 28 million in long term debt from the books at a cost of 8% savings over the next 2 years about 4.4 mil savings
I own both shares and deb so it is a win win
But very aggresive of management to force this call
Guess these are the things you can do when you hang out with a billionaire !!!
good luck to all