Retire of the debentures paves the way for a larger credit facility, dumbass.....


besttobe wrote: That the dilution of millions of shares being issued, as a result of conversion and possble sale of them once there are finally issued approx 30 days from now, would cause selling presuure. IMO

Also they lack cash and will have to pay interest and other cost to convert the debentures. They will also have to sell shares to pay any withholding tax. IMO

Also VMD and Adapt took quite a hair cut, due to poor financial performance due to inflation. Quipt is not immune. IMO

Lastly, again they need cash and the increase in the LOC has not been finalized. Thus a possible financing may be required. The market doesn't like uncertainty. 

GLTA