Post by
drunk@noon on May 07, 2024 1:32pm
They better not adjust the convertibilty of the convert
debt. This is important as their will be less dilution than would've happened if the debt had been converted, which was assumed as the stock price tanked far more than even the bearish would've thought. Thus the convertiblity ratio of the conv debenture is far higher than the current share price. My convern is something will happen to have the conv debt converted into shares. Which of course would require them reducing the convertbilty to the current shareprice-- One would have to be insane to do this, but I wouldn't put anything past managment.