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OMOLIVES

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OMOLIVES

Re: Ponch73 post# 995

Saturday, 08/18/2018 1:59:22 AM

Saturday, August 18, 2018 1:59:22 AM

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The perpetuals never come due. That is the point. The cap is @ 15 points.

USD150 million to bank/note holders

USD45 million to QGX

*cumulative/deferable

*zero on issue to 5 points...if need be...10/15 points(capped)


It's essentially preferred equity that can not be converted by the holder. The restricted stamp never comes off. Look @ China's use of such :)

...eh?


They need to be generating at least 5x that amount to be in a position to pay off the debt




Do you think the debt holders are concerned?
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