RE:RE:Advantages Disadvantages of the debenture issueYasch, I think you may have missed a few points on the Debentures.
1. It was not shopped, so no way to tell that the terms were competitive (interest and conversion price).. It seemed very rushed. They could have taken a few more weeks or days. They had to Nov.
2. The new debentures cannot be redeemed early.
3. BB/ PW had to revise the terms/ size twice to address the issues Gardner raised.
4. I was not around in 2012, but note that Tundra has just written that FFH did make an attempt at a take out of BB.