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robwilly

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robwilly

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Saturday, 11/22/2008 4:54:30 PM

Saturday, November 22, 2008 4:54:30 PM

Post# of 35633
Whoa! Someone has to help me out here.
Isn't the convertible debenture the ugliest financing out there? Where it is always to the advantage of the financier to get the share price down, with whatever means possible, to convert at the lowest prices to gain the most shares. Wouldn't it have been smarter for the company officials to have loaned the company $ instead of buying shares for their acct.s? Couldn't they have found a wealthy individual who could have loaned them a few hundred thousand instead of using debentures?
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