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Wednesday, May 17, 2017 2:04:44 PM
Perhaps. Seems we can't know for certain. But what about the other parts to my post?
1. Will the note be torn up with no principal to repay?
2. At least in the short-term, if in the judgement of the note holders it makes more sense to take shares -- even if they intend a quick sale of all shares -- they must be betting that the shares will hold up to provide more cash than if they were to maintain the debt on the note, (not exercise the conversion to shares) and let Sigma repay the principal.
Not certain of the above, but that is my opinion.
Other opinions?
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