Marketing Worldwide Corp (MWWC)

[oilin07]

In regards to the promissory notes...the issuing company may wish to issue a bond as a convertible as a "sweetener" to attract lending dollars. Since convertible bond issuers are generally smaller, less established companies, they would have to pay a prohibitive interest rate in order to issue a conventional bond. Issuing debt as a convertible allows them to pay lower interest rates to borrow money than they otherwise would.