RE:RE:RE:RE:Smart Management
Imho
When the share price broke 1.25
they called it
they will put up the cash if the debenture holders wont convert
8% is a good return on cash for the insiders
they also eliminate any future conversion that might hold the SP in check
Feels a little greedy to push that quick the deb holders
who in fairness argeed to extend while the other cowboys did not
and they got 12% return ( nice thanks ! for not holding out and being a PR we left 4% on the table ) by agreeing to extend 2 years
But I was happy to retain the covert options the others did not get
if we are above 1.40 by March 1st
I still belive every single deb will convert and then gusto 28 mil in debt is gone !