Regarding the senior unsecured convertible debenturesJust review Wild's financial statements. We have $140mil convertible debentures on our BS due on Dec 31, 2023. It can be converted to either equity or cash @ $7.729. So it means that when the stock price reaches $7.729, our debt should be reduced significantly. Leverage ratio should be much lower.
Let's see whether we have the cash to do it before the stock reaches $7 (this year). I don't think so, but let's hope. I'm pretty sure they will have enough cash by the end of 2023 but the stock price and debt holders might not wait for them. Lol. We will get dilution but it's good for everyone.