RE:RE:Convertible conundrum 10 %?? Only at maturity if company has the cash, and possibly only in shares valued at 10 cents .remember what happened last time convert holders agreed to new terms. Shares traded below 10 cents for most of the term, and converts traded at a huge discount. Already at a discount again in light of proposed change in term. I repeat that in order to agree to extend the term, debenture holders are just being played by management if they don't get something in return.
Rosen is just doing his job asking for a free extension, but no reason convert holders should be asked to take one for the team. Asking for interest in cash, at regular six month intervals as well as raising threshold price which can trigger a forced conversion is the minimum convert holders should ask.