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philwil

12/28/15 1:49 AM

#137 RE: Village man #136

You conveniently left out the "Pre-Payment of Principal" clause, which allows XLIT to repay the entire note without the holder's consent before conversion.

Hardly a terrible conversion deal when a company can prepay the entire principal before any conversion takes place.

Go fear monger somewhere else.
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Lenard

12/28/15 2:53 AM

#139 RE: Village man #136

Thanks I am aware of

Most of these convertible debt deals end badly for shareholders



Today I feel there is more than enough time for money to be made trading this. And I have all the time in the world to leave some on the table.