RE:RE:RE:RE:Value of U debentures2young2invest wrote: I have a feeling that while @Capharnaum is quite convincing he is not toally objective here, as he bought debentures cheap and was expecting to get cash and move on.
I wass expecting the same, but I'm as also a shareholder, so this is NOT big funds shareholders vs small debentureholders as you are trying to make everyone believe.
Indeed, this is shareholders vs debentureholders kind of issue, and being in both camps, I need to choose the smallet from 2 evils.
So far, accepting the deal seems like the smaller evil to me.
Like I've pointed out, I've bought a good number of debentures before the pandemic. In fact, if I hadn't bought as many debentures over $90 as I have and wouldn't face a decent loss due to the offer (around $50k), I would just say f*** this management and move on. All I want is terms that are fair when compared to the convertible debentures issues on the market. No one has come out to justify why a $6 USD conversion price on a $2 USD market price for the conversion rate is fair. It's not like I've been unfair in my posts about IVQ and bashed them. I've given one recent example of another company in a similar position (Chemtrade, conversion rate at 145% of the market) and what Invesque itself had for conversion premium on their debentures (115% of market value and 145% of market value).
Convertible debentures is about 50% of my investments and I've been in various different positions with issues (some worse than IVQ) and the offers that were made (when required) were by far all superior to the one we have here.