Post by
rad10 on Nov 22, 2020 7:57am
9 1/2 weeks
Nope not Mickey Rourke and Kim Basinger tearing it up on screen.
it's the amount of time the 25 million emblem legacy debentures come due. Looks like eight capital GMP and echelon own these guys.
interesting times ahead!
Comment by
Method on Nov 22, 2020 8:49am
They should use equity to pay for those.
Comment by
rad10 on Nov 22, 2020 9:40am
Agree in full method. They might kick the can down the road with an extension plus some additional warrants or a bump in the coupon. maybe the conversion price will be lowered. Either way you can be sure that eight, Pi and whoever else will be miles ahead of the executive.
Comment by
Method on Nov 23, 2020 9:19am
This convert has terms different than the publicly traded one. They don't to add any sweeteners or negotiate. Terms are clear.