Quantum Materials Corp. (fka QTMM)

[drugmanrx]

Is there really much of a difference between convertible debenture and convertible note other than time?

What Is a Convertible Debenture?

A convertible debenture is a type of long-term debt issued by a company that can be converted into shares of equity stock after a specified period. Convertible debentures are usually unsecured bonds or loans, often with no underlying collateral backing up the debt.

These long-term debt securities pay interest returns to the bondholder like any other bond. The unique feature of convertible debentures is that they are exchangeable for stock at specified times. This feature gives the bondholder some security that may offset some of the risks involved with investing in unsecured debt.

A convertible debenture differs from convertible notes or convertible bonds, generally in that debentures have longer maturities.

https://www.investopedia.com/terms/c/convertibledebenture.asp

Fun question: if a convertible debenture converts to stock only and a convertible note converts to stock or cash repayment why did they convert the debentures to convertible notes?

To answer your question:By the above explanation by converting to notes it appears Pasaca wants to shorten the time to gain control.

Key Takeaways

A convertible debenture is a type of unsecured long-term convertible debt issued by a company, meaning that it contains a stock conversion option.
Convertible debentures are hybrid financial products that have some features of both debt and equity investments.
Investors earn fixed interest payments while the bond is active, and also having the option to convert it into equity if the stock price rises over time.

Sure appears you can get cash or stock with convertible debentures the same as convertible notes.