Finjan Holdings Inc (FNJN)

[lbcb123]

"They have to pay it back, with interest. That's a debt my friend"

Nope. They could choose not to pay it back and allow the preferred shares to be redeemed for common shares. That is the difference between debt and equity.

This is the part you aren't understanding when you make comments like they would be in trouble if the Blue Coat money was delayed. It is not debt so they cannot default on it. There also isn't any interest associated with it. There is a flat amount to be paid out depending on different time periods for when the payment is made.

Relax. The terms allow repayment over a period of years before there would be any chance of them being redeemed. The preferred shares will continue to be canceled as they receive revenue as the agreement calls for a percentage of incoming revenue to go towards retiring the preferred shares.

Some things are just playing games with words, but this isn't one of them. Debt can be defaulted on and has a whole different world of risks associated with it. The preferred shares are NOT debt and do not carry even a remote possibility of anything that could put your investment at risk.

I'm not picking on you... most people just aren't grasping why this is such a great investment and they don't take the time to do any real DD to understand the whole situation.