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Sunday, May 26, 2019 11:18:29 AM
And eliminating and or reducing significant convertible tranches
And it releases the put back feature
Like the company says it reduces liabilities and sets a fixed conversion by doing so, reducing the arb shorting from concert holders
Everyone is aligned with common shareholders basically, since now the debt and preferred holders are long the common like us.
This is a winner any way you slice it
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