GREY:FLOOF - Post by User
Comment by
GreekRocket36on Feb 20, 2021 10:39am
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Post# 32618370
RE:Debentures
RE:Debentures$0.60 now, but even at that price, the IRR is you get repaid is 55%. If you don't get repaid, the company will likely try to negotiate a conversion to equity at some really low price, so you'll end up owning the shares of FONE at a much cheaper price or the co goes bankrupt and at least you have an opportunity to recover some money vs. if you own the shares, you'll like lose 100% of your money. Do your own due diligence but I sold my shares and bought the debentures instead.