Post by
leodevoe on Jun 19, 2024 12:34pm
Not long til the bagsters get converted
The debs are due in 12 months. Given the company can't afford $17K in interest not likely they will have $700K to pay the principal back. So at some point they will do a conversion and bagsters will have even more worthless paper. I suppose they will wait as long as possible. Don't want to miss out on those huge quarterly payouts.