Replies to post #38233 on Worthington Energy, Inc. (fka WGASQ)

[Belgianshareholder]

No, for the next leg imo. ;-)

[xZx]

that would be illogical. the only reason debt holders would convert here is if they thought the pps was going higher. to do anything else would be shooting themselves in the foot.

remember, when they opt to convert, they are in a sense "buying" equity in the company, and it does them no good if that equity falls in value.