Panacea Life Sciences Holdings Inc (PLSH): I don’t quite agree re:convertible debt....

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Panacea Life Sciences Holdings Inc (PLSH)

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DrKrassenDimitrov

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DrKrassenDimitrov

Re: flyersdh post# 744

Tuesday, 02/25/2020 4:49:11 PM

Tuesday, February 25, 2020 4:49:11 PM

I don’t quite agree re:convertible debt. Sure, toxic spirals from unpaid convertible debt can slowly drain the common equity. But unpaid regular debt can lead to bankruptcy, which wipes out common in a more decisive way.

If a company pays its debts in cash, neither is a big problem. However, if the company is unable to re-pay in cash, then convertible is actually preferable to the default/bankruptcy/reorganization when debts come due and cannot be paid.

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