RE:RE:RE:RE:Another picture - $50m 6% Debentures vs $50m common sharesVG wrote : "The only downside protection with the debenture is that you get your principal back if the stock is not above 3.80 and you can take that $1,000 and buy the stock at a lower price than your 3.80 option."
VG statement does not appear entirely correct, since at maturity, QTRH could force conversion by choosing to redeem at 95% of market price.