Post by
helgek on Dec 15, 2018 10:11am
Debenture conversion
I understand why shareholders argue that the debenture holders should accept a conversion price of $0.10.
However, Debenture holders have no reasons to accept less than the current share price of $0.05
Comment by
rad10 on Dec 20, 2018 9:00am
yet another voice of reason funfacts! - thank you. We have some rookies and nubes on the board............ I voted no on 400K face value - that's like 1 % of the outstanding amount. Shares in lieu of interest only please.
Comment by
helgek on Dec 20, 2018 11:59am
In return for giving up their preferential status, debenture holders are asked to give the share holders a gift of around $4M. Does not make sense to me.