RE:RE:This deal…..Maybe you missed this pat of the announcement; We cannot simply buy back debt until after 3 years !
Except in certain circumstances involving a “Change of Control”, the Debentures will not be redeemable at the option of the Company before October 31, 2024.
So They have to pay interest for 3 years at 6% and for what ??? We need the cash that bad that we are willing to pay premium rates for ?? 3 other TSX companies announced same news today on convertible debt, only QTRH is paying the most interest, the others and between 3 and 5%,,
So why are we so hard up for cash that we are paying a premium rate ? Hoping this turns into something positive but this company always likes to disappoint us shareholders.
BBM