Convertible conundrumCompany wants to. Extend maturity of converts for a year, but is not offering anything in return.Benefits to the company are obvious, but there isn't much in it for debenture holders. I would suggest that the company should have to change the terms of the forced conversion from .15 to .45
as well as paying interest in cash or .10 shares at the option of the debenture holder.
In the absence of any offer of compensation from the company for extending the maturity date, I certainly recommend voting against agreeing to extend the maturity for a year.
thoughts?