RE:RE:Time to force conversion of the convertible debentureAfter looking, yes it is at the option of the holder, so they will convert. I guess the stock was trading at 6.77 at the time and with a conversion at 9.31, there was a 37% premium. That's expensive, but they needed the funds at the time and the rate was low. I do remember on some of the financials in the last few years, IVN taking non cash write downs to compensate for the difference on the debt conversion to market value.