RE:RE:Debenture Amendment Terms InadequateI do suggest that any debenture holders that oppose the offered terms and would like the company to upgrade them somewhat, vote against the proposal AND VOTE AS EARLY AS POSSIBLE so that the company and debenture holders can try to come up with more amenable terms prior to the June 9 meeting.
Can anyone out there explain to me why the company's offered terms would be considered acceptable?
I must also say that I like the proposal to pay unpaid accrued interest ( in shares) to date Sept 14,2022 at the average of the prior 10 days trading level. However, I do not think shares can be issued for less than $0.05 ( could be wrong on this though).
Thoughts ?