RE:RE:RE:Big PictureLazaros, I think the key point in this thread is that institutions/asset managers/high net worth individuals want in a cheap prices but realize that not much stock is available at cheap prices. The debenture provides a way for the target group to invest but at $3.80 (~+35% - 40% premium), with a 6% coupon (net 4.2%) for up to 5 years.
While the primary reason for the bought deal is acquisitons/growth support for the current business, as stated in the presser (I read this as a signifincant ETC tuck-in/contract), it also provides an opportunity for the target investor demograhic to participate in the QTRH story. We know that the recent marketing initiatives at Sidoti and Canaccord (and possibly others), and subsequent follow up meetings, were targetted to this demographic. This is who Paul Hill wants in the "institutional investor" base. If the actual growth curve bears any resemblence to projected, current investors will, correctly, label any dilution as minor.
The debenture is a classic win-win-win event. I expect an announcement prior to the Q3 call.