RE:Debenture Amendment Terms InadequateI would NOT entertain a $0.075 conversion price. I would vote NO. If they were to perform a cash raise, no way it would be at $0.075 and instead be at $0.05. This is an insult to debenture holders.
I would consider $0.05 conversion for one year max extension but would like to see what Q3 revenues are.
I like the idea of getting paid all interst owed to date in cash, however the company is on fumes and will need every penny in the bank it can maintain. Instead, they should disburse all interest owed to date in shares at a cost basis of last 10 days closing price average.