RE:Convertible DebentureThe way I see it is that it doesn't really matter. If Northern Star converts at $4 is about 40 million shares roughly 10% dilution and the balance sheet has no long term debt.. If they hold it the interest charges are $7.26 mm a year, worth less than two cents a share per year to OSK. Once producing it could absorb 6 months worth of cash flow to retire. So all in all, it seems like not that big a deal facing shareholders.
That being said, announcing confirmed financing deal fro Windfall sooner rather than later would get the sp up adding liquidity and value. That, in my opinion, is the priority for this company.