RE:RE:RE:RE:RE:Debenture Amendment Terms Inadequatere Board Recommends Acceptance of proposed changes to debentures;
The Board is clearly acting in the best interests of the company, and the company shareholders, NOT OF THE DEBENTURE HOLDERS who would be screwing themselves if they accept the suggested changes.
I recommend that Debenture holders vote against the proposals and meet with the company at the June 9th Extraordinary Meeting to hammer out a more reasonable deal , that will benefit shareholders by keeping the company operational for the ensuing year while offering Debenture Holders more reasonable terms for taking on
the risk of total default for another year should the company not manage its way out of present fairly precarious situation.
I would love to hear the explanation why any Debenture holder is willing to accept the term offered by the company .