RE:RE:RE:Could Reason For Dip Be An Equity Raise?No 4-month hold? When it's right there in the
next sentence from where you stopped quoting the Press Release? You are truly either disconnected from reality or so desperate to dispense disparagement you are willfully blind. You have now transcended mere
Bloviation and graduated to
Lunar Lunacy. TheLandedEagles wrote: Here is exact verbiage...of the Debenture Release.... The debentures will mature on April 30, 2025, and will accrue interest at the rate of 12.0 per cent per annum, payable semi-annually in arrears beginning on Oct. 31, 2023. At the holders' option, the debentures may be converted into common shares of the company at any time and from time to time, up to the earlier of the maturity date and the date fixed for redemption of the debentures, at a conversion price of 60 cents per common share, subject to adjustment in certain circumstances, which represents a premium of approximately 58 per cent to yesterday's closing price of 38 cents on the Canadian Securities Exchange.
The company will be entitled to redeem the debentures at 105 per cent of par plus accrued and unpaid interest at any time following April 30, 2024.
You form your own conclusion...There is no 4 month hold for the conversion....