1933 Industries Inc C.TGIF

Proposed revisions to Convertible Extensions - VOTE NO

[Lire02]

The company's proposals do not go nearly far enough.

While proposing to lower conversion price to 5 cents per share is a small step in the right direction, the company surely should also lower the conversion price on interest payments to 5 cents from the currently offered 7.5 cents and the company should make outstanding all outstanding interest payments in these 5 cent shares this September 24, 2022 to indicate good faith.

Only if these very reasonable terms are met should Debenture Holders agree to the  maturity to be extended a further 15 months to December 2023 ( at no near term cash cost to the company ).

I do not understand why the company is playing this short term water torture for Debenture Holders, but it surely does not suggest the company is acting in good faith. 

Just as a point of interest, how many Debenture Holders have actually been asked their views on the matter? I know that I have not.

I say VOTE NO to proposed changes until the company demonstrates a willingness to propose a FAIR and REASONABLE compromise to assure the company and shareholders another 15 months of operational viability.

[Mako2022]

ENOUGH ALREADY LIRE. Your name says it all You are the nemesis of this company moving forward Understand that its unfortunate that youre the only one, so called debenture holder other than transporter that has negative issues with this company as it tries to move forward into positive territory. WORK with the masses and you'll ptentially be rewarded or invest in GIC'S Im sure you can lock

[howie65]

take your $50 and move on to another stock   

[Lire02]

Not sure why any debenture holder would agree to the terms offered, especially in light of the fact that the company can offer much more reasonable terms thus keeping debenture holders on board for another 15 months without negatively  impacting near term operations, while concurrently making long term operations actually possible.  Still Voting No !... but prepared to agree to