They certainly could go out of business. If the vote went NO they will be in default based on the terms of the CD. Imagine if you were one of the CD holders and the company had no shares for you to be able to convert with. Think they would be pissed?? You bet they would be.
This entire conversation is pretty much moot because I'm sure the increase was approved. The CD holders would want to guarantee their investment by making sure that there are shares available if they choose to convert.
We know they have said they will play ball and at the very least hold out for higher prices before converting and there is a pretty good possibility that the entire financing arrangement may be restructured.
I'm sure we'll get a PR explaining all the options here. It could literally come out at any time.
"Sort of" is such a harmless thing to say. "Sort of". It's just a filler. "Sort of" - It doesn't really mean anything. But after certain things, "sort of" means everything. Like after "I love you" or "You're going to live" or "It's a boy".
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