Tregaron, Samyang can't convert until mid-April. But until then they do have an incentive to keep the pps as close to .10 as they can.
Oops, out of my 15 freebie posts for the day, sigh..
Corwatcher -
>>> If the pps stays down, it will be because Cortex hasn't made a deal (partnership or M/A) or the S/A trial didn't show any results. If that happens, why do you think Samyang would want to convert to stock? If Cortex did have to liquidate this year, the note would be in first position to stockholders. If they decide to covert, it will be because they expect to make more off of the stock. <<<
Yes, good point.
The Cortex saga continues !!!! :o)
Out of posts for today..