RE:RE:RE:RE:RE:Debenture Resolution I just received my voting package and have voted against the amendment.
if they had proposed a fixed conversion price, say half of the original price, I might vote for it.
My reasoning is simple: in the normal world, if you sign a mortgage agreement at a fixed rate for five years, you cannot simply adjust the rate at any time when you find the current rate is much lower without any consequence.
As we have observed, the share price is very much manipulated. They can drive it down to 70 cents easily.
This amendment is totally unfair and should not be accepted.