RE:RE:New Press Release - 1933 Industries Provides Corporate UpdateIt's also interesting that the company wants to get a vote on the 10 % Convertible Debenture conversion and extention prior to the 4th Quarter financials.
It appears that accrued interest on the outstanding Debs is not to be paid in any case, as it is excluded from the deal which suggests it is to disappear?
I think that to make this deal at all palatable to the few
remaining holders, some further deal should be made to compensate holders for accrued interest.
With no concession on this point , holders should vote down the offered deal........just like the last time !