Liberty Star Uranium and Metals Corp (LBSR)

[gitreal]

whether at maturity or upon acceleration or by prepayment

Those are the three choices. Maturity. Acceleration (conversion at 180 days). Or by prepayment (prior to conversion).

You seem to think that convertible notes never convert at 180 days, despite the note's conditions clearly stating that they can. In reality, that is almost always what happens.

Toxic debt is called toxic for a reason. If these notes just all went to maturity and got repaid with the 8% interest, there's nothing toxic about that. The toxic part is the conversion at some discount, whether it be 25%, 30%, 40%, or even 50%. And what is even more toxic is how the conversion cost is calculated. The floor's the limit in the worst cases.

Wait a minute.....are you just trolling me? Good one! You had me going. What penny trader doesn't know this stuff?

Have a great rest of the evening.