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Re: Penny Loafer post# 38054

Thursday, 07/12/2012 2:55:16 PM

Thursday, July 12, 2012 2:55:16 PM

Post# of 92705

2 We are completely out of debt. All pre merger and post merger debt has been re- negotiated and/or restructured into stock options at a higher SP then the current.



... to add a bit more detail... all mature debt has been retired in the form of the most recent A/S increase. All new debt has been negotiated into stock options at a higher SP but these will not be allowed mature and convert.

do I have that right? did anyone catch the numbers on how much "new" debt there is (that was converted to those higher SP options)? I couldn't quite make that out.

all my posts are my opinion only.