Wednesday, January 29, 2020 2:23:24 PM
2) The debts are all convertible into VTNL shares, at a steep (50%) discount.
The debts CANNOT be repaid with cash. It is so specified in de debt covenants.
Of course, the dilutive debt conversions will adversely affect the share price, because the debt holders make a profit by selling immediately after conversion, at any price.
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