Vanguard Natural Resources Inc. (fka VNRRQ)

[Congo Mining]

you are likely to be converted to equity

I've sold all of mine before they took their grace period and bought EVEP common equity.

Sold for 50/100 inclusive of accrued interest.
So they are in discussions now and you are likely to be converted to equity from what I can see in the Tea leaves.

I let my Sandridge bonds convert and am reasonably happy with the risk/reward of my equity and warrants going forward.

VNR may be able to get more second lean debt...but they would just be adding weight to their capital structure, as the CEO stated on the CC they are seeking a "holistic solution" to the balance sheet.

I sold my preferred shares some time ago. When I saw that comment on the CC.
Certainly don't own the preferred or common.