new interest, page-5

thank you Propunter, you understand.,

Conversion has right to convert ( there is no argument there) . What i am syaing there is as well a chance that due to lagging SP this year , they may decide to get the cash rather then becoming shareholders.


Think about that possibility. THey will only convert if it is attractive , right. What has to happen to SP and/or company to make it unatractive.

Expample: sell 2or3 building at 10% discount ( on porpose) SP will stay low. Then ask them a question would you like cash or would you like to take up your option and convert your debt?

Well they will choose CASH , i think.


Possible ? i think so.