Easy 20%+ yearly return on the debenturesWith the MOU taking place and the announced transactions that will raise cash by $15M (with potentially more coming), the probability that the debentures will be paid in cash at the end of January is close to 100%.
At the current ask price of $88.50, there is $15 to be earned ($11.50 in capital gain and $3.50 in interests). $15 on $88.50 investment is a return of 17%, and considering that return will be raked in over 270 days, it makes for a yearly return rate of 24%. Yearly return stays over 20% for all purchases below $90.50 (as of today).
That being said, it's possible that the return on common shares exceed that (would need a stock price over $4.05 as of the end of Jan 2022). However, the nearly guaranteed nature of the return on the debentures still make it a compelling buy over the common shares, imo.