RE:RE:RE:RE:Discussion with Cole Stevens (VP Corp. Dev./IR at Quipt) Upon conversion, the Corporation may offer and the converting holder may agree to the delivery of cash for all or a portion of the Debentures surrendered in lieu of Common Shares, the cash equivalent thereto to be determined on the basis of the Current Market Price of the Common Shares to be received upon conversion on the Date of Conversion (less applicable withholding taxes, if any).
HatrikSeLaine wrote: I agree with both of you and to reiterate, they will force convert the debentures as soon as possible. I believe the holder can request cash or shares as settlement and I believe so can the company. Would both parties have to agree on the method - or is this ultimately the decision of the debenture holder? I'm okay with share dilution, particularly if it goes to a long term continuing holder like Claret and if this means saving over $1.2M per year in interest on the 8% debenture.