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ELF and Options, page-8

  1. prosperman
    14,681 Posts.
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    09/07/17
    08:55
    Post #: 25750785
    As far as I am aware the company buys backs the shares and excepts the loss.
    As less shares less dilution--if the share price over interest paid conversion paid,
    you own thefully converted shares that are left.
    Either scenerio a win win for company.
    Hopefully the company prefer second option.
    cheers
    ESI Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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