Yes, but I'm not talking about announcing a refinancing. I'm talking about not discouraging shareholders by implying that they have little interest in doing a refinancing over the next 12 months, possibly. The interest repaid during that time gets converted at a lower price, meaning millions of lost dollars to DMRJ.
If DMRJ has scared IMSC into not placating shareholders even a little bit, DMRJ has foolishly contributed to less of their own profit due to the resulting lower stock price.
<<The SP wouldn't rise in a refi announcement because dmRJ would flood the market with 8 cent convertibles for 2 months leading to payout effectively dropping the SP to 8 cents.>>
? Where would they get the convertibles from? The principal isn't paid back yet, and presumably they are converting the interest as the go..? Are they sitting on a lot of .08 convertibles from prior interest paid? Or perhaps I'm still not picking up on something.
