TSX:CHE.DB.E - Post by User
Comment by
CanSiamCypon Nov 07, 2022 8:05pm
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Post# 35080569
RE:RE:open at 9 tomorrow distribution will be increased
RE:RE:open at 9 tomorrow distribution will be increasedJoseph: Thanks for the reminder re the converts. I was not aware that any had been issued with a $7.35 strike price ... in which case, they are already in the money. As I said to uograd, I think that CHE.un management should and hopefully will prioritize early redemption of their converts rather than raising the distribution at this time!
Cheers to all long-term holders of CHE.un! It has been a real roller coaster ride, hasn't it?
JosephM1 wrote:
Agreed, very miss priced company. However there is the dilution that is going to happen via the convertible debentures at 7.35 and 10. Which will add 25 million shares. There is also conversion at 15.80 and 26.70, both seem out of the money for the foreseeable future.