It's to bring back the A/S to around the current amount after or before the R/S. This would give space for the convertible stock holders to convert and thus the promise to them fulfilled. They had extended the cut-off date to convert to March 2019 I believe. Can someone confirm this?
Anyways, it seems the lenders arent happy, which is why I feel the Co is pushing for this because they have to on convertible holders' behalf. But at the same time, I don't think management would pull any R/S or A/S increase right now. They know this has momentum, and doing so puts future interest in this company in jeopardy.
It's quite possible in this circumstance that they have another plan if the votes are no, which is looking very likely right now.
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