Long Run Explor Ltd Ord WFREF

Debentures trading like this is going bankrupt

[Thanksforplaying]

Traded to 35. Not a good sign

[99999gold]

sh*t this was at 49.99 a couple of days ago. 

[ppp]

They are convertable, means when the time comes the company can issue shares for them.   I think the convertable price was over 7.  So not worth much

[VentureCapital3]

it is the debenture's holders, of course, who can call the convertion not LRE.

[ppp]

Looks to me like the holders would get shares if they go to 2019   On January 28, 2014, the Corporation issued $75.0 million principal amount of convertible unsecured subordinated debentures at par. The debentures bear an annual interest rate of 6.40%, payable semi-annually in arrears. Prior to maturity on January 29, 2019, the debentures are convertible into Common Shares at a

[Thanksforplaying]

Yeah. By the shareholder!  Lol.   If it were the other way around, the company would convert them now and take the debt off the books.  Lol

[Thanksforplaying]

That's not how it works. There is no forced conversion.  Conversion is done by bond holder.